FORA Capital LLC Sells 13,213 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

FORA Capital LLC lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 77.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,738 shares of the financial services provider’s stock after selling 13,213 shares during the quarter. FORA Capital LLC’s holdings in Interactive Brokers Group were worth $521,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in Interactive Brokers Group by 172.1% in the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock worth $1,528,000 after purchasing an additional 7,884 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Interactive Brokers Group by 9.9% during the first quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock valued at $12,173,000 after acquiring an additional 9,858 shares in the last quarter. Aurora Investment Counsel bought a new position in Interactive Brokers Group in the third quarter worth approximately $1,693,000. Waverton Investment Management Ltd purchased a new position in Interactive Brokers Group during the 3rd quarter worth $26,946,000. Finally, Versor Investments LP bought a new stake in Interactive Brokers Group during the 3rd quarter valued at $474,000. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IBKR. Jefferies Financial Group increased their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. UBS Group raised their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, Barclays cut their price objective on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

Interactive Brokers Group Stock Down 0.8 %

Shares of NASDAQ:IBKR opened at $191.31 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $193.42. The business has a 50-day moving average price of $157.75 and a 200-day moving average price of $135.01. The stock has a market cap of $80.83 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 1.50 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same period last year, the firm earned $1.55 EPS. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. Interactive Brokers Group’s payout ratio is 15.27%.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.