Itau Unibanco Holding S.A. Has $1.67 Million Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Itau Unibanco Holding S.A. lessened its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 9.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,981 shares of the financial services provider’s stock after selling 1,193 shares during the period. Itau Unibanco Holding S.A.’s holdings in Interactive Brokers Group were worth $1,670,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. boosted its position in shares of Interactive Brokers Group by 9.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 708,333 shares of the financial services provider’s stock worth $98,713,000 after purchasing an additional 61,798 shares in the last quarter. HighTower Advisors LLC lifted its stake in Interactive Brokers Group by 67.4% in the 3rd quarter. HighTower Advisors LLC now owns 72,636 shares of the financial services provider’s stock valued at $10,133,000 after purchasing an additional 29,257 shares during the last quarter. Benjamin Edwards Inc. raised its stake in shares of Interactive Brokers Group by 487.4% during the third quarter. Benjamin Edwards Inc. now owns 2,931 shares of the financial services provider’s stock valued at $409,000 after acquiring an additional 2,432 shares during the last quarter. Bamco Inc. NY raised its stake in Interactive Brokers Group by 16.3% during the third quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock worth $127,181,000 after buying an additional 127,640 shares during the last quarter. Finally, Edgestream Partners L.P. increased its stake in Interactive Brokers Group by 417.7% in the third quarter. Edgestream Partners L.P. now owns 44,786 shares of the financial services provider’s stock valued at $6,241,000 after purchasing an additional 36,135 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $185.68 on Tuesday. The firm has a market cap of $78.45 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 1.50 and a beta of 0.85. The stock’s 50 day simple moving average is $160.09 and its 200 day simple moving average is $136.09. Interactive Brokers Group, Inc. has a one year low of $77.75 and a one year high of $193.42.

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 for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the business posted $1.55 earnings per share. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s payout ratio is currently 15.27%.

Analyst Ratings Changes

A number of research firms recently weighed in on IBKR. Jefferies Financial Group upped their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. UBS Group lifted 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 report on Tuesday, October 8th. Piper Sandler reissued an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a research note 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 equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $148.38.

Interactive Brokers Group Company Profile

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.