Sparta 24 Ltd. Trims Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Sparta 24 Ltd. lowered its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 37.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 52,177 shares of the financial services provider’s stock after selling 31,503 shares during the period. Interactive Brokers Group comprises about 6.7% of Sparta 24 Ltd.’s investment portfolio, making the stock its 5th biggest position. Sparta 24 Ltd.’s holdings in Interactive Brokers Group were worth $7,271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Greenwich Wealth Management LLC grew its holdings in shares of Interactive Brokers Group by 0.3% during the 2nd 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 during the last quarter. Bares Capital Management Inc. grew its holdings in Interactive Brokers Group by 10.4% in the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock worth $313,920,000 after acquiring an additional 264,543 shares during the last quarter. Marshall Wace LLP grew its holdings in Interactive Brokers Group by 23.8% in the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after acquiring an additional 481,826 shares during the last quarter. Millennium Management LLC grew its holdings in Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after acquiring an additional 1,004,289 shares during the last quarter. Finally, Bamco Inc. NY grew its holdings in Interactive Brokers Group by 3.7% in the 1st quarter. Bamco Inc. NY now owns 764,968 shares of the financial services provider’s stock worth $85,455,000 after acquiring an additional 27,434 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on IBKR shares. Jefferies Financial Group raised their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. UBS Group raised their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, Barclays dropped their target price on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $147.44 on Thursday. The stock has a market cap of $62.08 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $154.75. The firm has a 50-day moving average of $134.61 and a 200 day moving average of $125.15.

Interactive Brokers Group (NASDAQ:IBKR) last issued its 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). The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. During the same period last year, the firm posted $1.55 earnings per share. Research analysts expect that Interactive Brokers Group, Inc. will post 6.92 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

About Interactive Brokers Group

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.