Geode Capital Management LLC Has $287.92 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Geode Capital Management LLC grew its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.4% during the third quarter, HoldingsChannel.com reports. The firm owned 2,065,535 shares of the financial services provider’s stock after purchasing an additional 106,392 shares during the period. Geode Capital Management LLC’s holdings in Interactive Brokers Group were worth $287,921,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vestcor Inc lifted its holdings in shares of Interactive Brokers Group by 5.7% during the third quarter. Vestcor Inc now owns 15,986 shares of the financial services provider’s stock worth $2,228,000 after purchasing an additional 868 shares during the period. MML Investors Services LLC raised its position in Interactive Brokers Group by 10.2% during the 3rd quarter. MML Investors Services LLC now owns 9,309 shares of the financial services provider’s stock worth $1,297,000 after purchasing an additional 858 shares during the last quarter. Main Management ETF Advisors LLC bought a new position in Interactive Brokers Group during the 3rd quarter worth $973,000. XTX Topco Ltd lifted its holdings in Interactive Brokers Group by 559.6% during the 3rd quarter. XTX Topco Ltd now owns 16,601 shares of the financial services provider’s stock worth $2,314,000 after buying an additional 14,084 shares during the period. Finally, Zacks Investment Management acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at about $4,725,000. 23.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Jefferies Financial Group lifted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Barclays lifted their target price on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. UBS Group upped their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. 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 equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $166.13.

Interactive Brokers Group Trading Down 0.5 %

IBKR opened at $179.49 on Friday. The company has a fifty day moving average price of $168.78 and a two-hundred day moving average price of $140.02. Interactive Brokers Group, Inc. has a 1-year low of $78.93 and a 1-year high of $193.42. The company has a market cap of $75.84 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 1.42 and a beta of 0.85.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results 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). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

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.