DRW Securities LLC Acquires Shares of 21,361 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

DRW Securities LLC acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,361 shares of the financial services provider’s stock, valued at approximately $2,977,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greenwich Wealth Management LLC boosted its position in shares of Interactive Brokers Group by 0.3% during the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock valued at $365,271,000 after purchasing an additional 8,038 shares in the last quarter. Marshall Wace LLP lifted its position in Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after buying an additional 481,826 shares during the period. Millennium Management LLC boosted its holdings in shares of Interactive Brokers Group by 1,292.1% during the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after buying an additional 1,004,289 shares in the last quarter. Bronte Capital Management Pty Ltd. grew its position in shares of Interactive Brokers Group by 2.9% in the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 833,627 shares of the financial services provider’s stock worth $116,174,000 after buying an additional 23,828 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Interactive Brokers Group by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 799,423 shares of the financial services provider’s stock worth $111,408,000 after buying an additional 17,195 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Down 0.0 %

Shares of IBKR stock opened at $191.62 on Monday. The firm has a market capitalization of $80.96 billion, a PE ratio of 29.25, a P/E/G ratio of 1.50 and a beta of 0.79. The company has a 50 day moving average price of $154.06 and a 200-day moving average price of $133.60. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $193.21.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results 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 analysts’ expectations 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 posted $1.55 earnings per share. Analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.52%. Interactive Brokers Group’s payout ratio is 15.27%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IBKR. Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Piper Sandler reiterated an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Barclays dropped their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, UBS Group raised their price objective 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

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.