Interactive Brokers Group, Inc. $IBKR Stock Position Cut by Axecap Investments LLC

Axecap Investments LLC lowered its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 41.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 29,549 shares of the financial services provider’s stock after selling 20,606 shares during the period. Interactive Brokers Group makes up about 1.5% of Axecap Investments LLC’s holdings, making the stock its 25th biggest holding. Axecap Investments LLC’s holdings in Interactive Brokers Group were worth $2,524,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of IBKR. Quadrant Capital Group LLC grew its stake in shares of Interactive Brokers Group by 1.9% in the third quarter. Quadrant Capital Group LLC now owns 28,531 shares of the financial services provider’s stock worth $2,496,000 after purchasing an additional 519 shares during the last quarter. Carnegie Investment Counsel increased its holdings in Interactive Brokers Group by 60.0% in the third quarter. Carnegie Investment Counsel now owns 5,276 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 1,979 shares during the period. Nisa Investment Advisors LLC raised its position in Interactive Brokers Group by 3.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 34,287 shares of the financial services provider’s stock worth $2,929,000 after purchasing an additional 1,182 shares during the last quarter. DUTCH ASSET Corp raised its position in Interactive Brokers Group by 10.2% during the 3rd quarter. DUTCH ASSET Corp now owns 87,858 shares of the financial services provider’s stock worth $7,505,000 after purchasing an additional 8,133 shares during the last quarter. Finally, MBM Wealth Consultants LLC lifted its holdings in Interactive Brokers Group by 3.6% during the 3rd quarter. MBM Wealth Consultants LLC now owns 18,122 shares of the financial services provider’s stock worth $1,548,000 after buying an additional 630 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

IBKR has been the topic of a number of analyst reports. Wells Fargo & Company initiated coverage on Interactive Brokers Group in a research report on Friday, October 2nd. They issued an “overweight” rating and a $102.00 price target on the stock. Piper Sandler set a $109.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. CICC Research raised their price objective on Interactive Brokers Group from $90.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $104.00 price objective on Interactive Brokers Group and gave the stock a “buy” rating in a research note on Friday. Finally, Barclays set a $117.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.87.

Interactive Brokers Group Stock Up 1.9%

IBKR opened at $82.91 on Wednesday. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $98.75. The company has a fifty day moving average of $90.00 and a 200-day moving average of $87.50. The stock has a market cap of $141.06 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. Interactive Brokers Group’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, December 1st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s dividend payout ratio (DPR) is 13.46%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.