Kessler Investment Group LLC Reduces Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Kessler Investment Group LLC cut its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 27.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 704 shares of the financial services provider’s stock after selling 266 shares during the period. Kessler Investment Group LLC’s holdings in Interactive Brokers Group were worth $98,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tortoise Investment Management LLC lifted its position in Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in Interactive Brokers Group in the second quarter worth about $32,000. UMB Bank n.a. grew its position in Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 224 shares in the last quarter. GAMMA Investing LLC grew its position in Interactive Brokers Group by 213.6% in the first quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 329 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new position in Interactive Brokers Group in the third quarter worth about $81,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on IBKR. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. 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. UBS Group lifted their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group boosted their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Barclays dropped their target price on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $143.00.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR traded down $2.26 during mid-day trading on Tuesday, hitting $147.38. The stock had a trading volume of 123,574 shares, compared to its average volume of 1,008,879. The company has a 50 day moving average of $132.77 and a two-hundred day moving average of $124.47. Interactive Brokers Group, Inc. has a twelve month low of $72.60 and a twelve month high of $154.75. The firm has a market cap of $62.06 billion, a PE ratio of 25.58, a PEG ratio of 1.34 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business 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 7.88% and a return on equity of 4.88%. During the same quarter in the previous year, the company posted $1.55 EPS. Equities research analysts predict that Interactive Brokers Group, Inc. will post 6.92 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.68%. Interactive Brokers Group’s payout ratio is 17.09%.

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.