Anchor Investment Management LLC Acquires Shares of 638 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Anchor Investment Management LLC bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 638 shares of the financial services provider’s stock, valued at approximately $89,000.

A number of other institutional investors have also modified their holdings of IBKR. Tortoise Investment Management LLC increased its holdings in Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after buying an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Interactive Brokers Group in the 2nd quarter valued at approximately $32,000. UMB Bank n.a. raised its position in shares of Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 224 shares in the last quarter. Smithfield Trust Co lifted its stake in Interactive Brokers Group by 80.6% during the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 154 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Interactive Brokers Group in the third quarter worth $49,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on IBKR shares. Piper Sandler reissued an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. The Goldman Sachs Group raised their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Jefferies Financial Group upped their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Barclays raised their price target on Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, UBS Group upped their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.13.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $179.49 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $78.93 and a 1-year high of $193.42. The business’s fifty day moving average price is $168.78 and its two-hundred day moving average price is $140.02. The company has a market capitalization of $75.84 billion, a P/E ratio of 27.40, a PEG ratio of 1.42 and a beta of 0.85.

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 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 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 earnings per share. On average, research analysts expect that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 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.