Virtue Capital Management LLC Buys 164 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Virtue Capital Management LLC increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,450 shares of the financial services provider’s stock after acquiring an additional 164 shares during the quarter. Virtue Capital Management LLC’s holdings in Interactive Brokers Group were worth $899,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC raised its position in shares of Interactive Brokers Group by 172.1% during the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock worth $1,528,000 after purchasing an additional 7,884 shares during the period. Aurora Investment Counsel acquired a new stake in Interactive Brokers Group during the 3rd quarter worth approximately $1,693,000. Versor Investments LP bought a new position in Interactive Brokers Group in the third quarter valued at approximately $474,000. Waverton Investment Management Ltd acquired a new position in shares of Interactive Brokers Group in the third quarter valued at approximately $26,946,000. Finally, DRW Securities LLC bought a new stake in shares of Interactive Brokers Group during the third quarter worth $2,977,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 2.3 %

Shares of Interactive Brokers Group stock opened at $176.00 on Wednesday. The stock has a market cap of $74.36 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.46 and a beta of 0.85. Interactive Brokers Group, Inc. has a 12-month low of $78.93 and a 12-month high of $193.42. The business’s 50 day moving average is $166.68 and its 200-day moving average is $139.01.

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 the consensus estimate 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 firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company posted $1.55 earnings per share. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

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 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 0.57%. Interactive Brokers Group’s dividend payout ratio is 15.27%.

Analysts Set New Price Targets

IBKR has been the topic of several recent research reports. Jefferies Financial Group lifted their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. UBS Group lifted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Barclays boosted their target price on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research note on Monday. The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $166.13.

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.