Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 20.4% during the third quarter, Holdings Channel reports. The institutional investor owned 366,204 shares of the financial services provider’s stock after selling 93,941 shares during the quarter. Principal Financial Group Inc.’s holdings in Interactive Brokers Group were worth $51,034,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Aurora Investment Counsel acquired a new position in Interactive Brokers Group during the third quarter worth about $1,693,000. Versor Investments LP bought a new position in shares of Interactive Brokers Group during the 3rd quarter valued at about $474,000. Waverton Investment Management Ltd acquired a new position in shares of Interactive Brokers Group in the 3rd quarter worth approximately $26,946,000. DRW Securities LLC bought a new stake in shares of Interactive Brokers Group in the 3rd quarter worth approximately $2,977,000. Finally, Geode Capital Management LLC lifted its stake in Interactive Brokers Group by 5.4% during the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after purchasing an additional 106,392 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 1.2 %

Shares of Interactive Brokers Group stock opened at $175.92 on Monday. Interactive Brokers Group, Inc. has a 1 year low of $80.92 and a 1 year high of $193.42. The company has a market cap of $74.33 billion, a P/E ratio of 26.86, a P/E/G ratio of 1.42 and a beta of 0.85. The stock has a 50-day moving average price of $171.53 and a 200 day moving average price of $141.77.

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

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods boosted their target price on Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a research report on Friday. Piper Sandler reiterated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, UBS Group upped their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $173.00.

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.