OneDigital Investment Advisors LLC Sells 456 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

OneDigital Investment Advisors LLC trimmed its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,829 shares of the financial services provider’s stock after selling 456 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Interactive Brokers Group were worth $4,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Huntington National Bank raised its position in shares of Interactive Brokers Group by 445.5% during the third quarter. Huntington National Bank now owns 420 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 343 shares during the last quarter. KBC Group NV raised its position in shares of Interactive Brokers Group by 3.0% during the third quarter. KBC Group NV now owns 109,158 shares of the financial services provider’s stock worth $15,212,000 after acquiring an additional 3,211 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Interactive Brokers Group during the third quarter worth about $229,000. Empower Advisory Group LLC raised its position in shares of Interactive Brokers Group by 1.1% during the third quarter. Empower Advisory Group LLC now owns 685,135 shares of the financial services provider’s stock worth $95,480,000 after acquiring an additional 7,393 shares during the last quarter. Finally, Cumberland Partners Ltd raised its position in shares of Interactive Brokers Group by 30.8% during the third quarter. Cumberland Partners Ltd now owns 8,500 shares of the financial services provider’s stock worth $1,185,000 after acquiring an additional 2,000 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays lowered their target price on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Piper Sandler reiterated an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Jefferies Financial Group lifted their target price 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 lifted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Stock Up 1.3 %

NASDAQ IBKR opened at $180.21 on Friday. The company has a market cap of $75.88 billion, a price-to-earnings ratio of 27.51, a P/E/G ratio of 1.40 and a beta of 0.79. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $181.21. The business has a 50 day moving average price of $147.69 and a 200-day moving average price of $131.01.

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 the consensus estimate of $1.78 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $1.55 EPS. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. Interactive Brokers Group’s payout ratio is 15.27%.

Interactive Brokers Group 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.