Dumont & Blake Investment Advisors LLC Has $1.33 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Dumont & Blake Investment Advisors LLC reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 49.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,574 shares of the financial services provider’s stock after selling 9,464 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Interactive Brokers Group were worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Tortoise Investment Management LLC grew its stake 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 worth $31,000 after buying an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group during the 2nd quarter valued at $32,000. UMB Bank n.a. boosted its stake 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 purchasing an additional 224 shares in the last quarter. DT Investment Partners LLC grew its holdings in shares of Interactive Brokers Group by 60.1% during the third quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 146 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Interactive Brokers Group by 389.9% in the first quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider’s stock valued at $70,000 after buying an additional 503 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays lowered their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an “outperform” rating to a “market perform” rating and upped their price target for the company from $128.00 to $135.00 in a research note 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 report on Wednesday, October 16th. Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, 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 note on Tuesday, October 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group Stock Performance

IBKR traded down $0.94 on Friday, hitting $147.26. 23,285 shares of the company were exchanged, compared to its average volume of 1,003,220. The stock’s fifty day moving average is $135.17 and its 200-day moving average is $125.31. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $154.75. The company has a market cap of $62.01 billion, a PE ratio of 25.33, a PEG ratio of 1.34 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data 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). The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. During the same quarter in the prior year, the company earned $1.55 EPS. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 6.92 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.68%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 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.