KBC Group NV Acquires 3,211 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

KBC Group NV raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,158 shares of the financial services provider’s stock after buying an additional 3,211 shares during the quarter. KBC Group NV’s holdings in Interactive Brokers Group were worth $15,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tortoise Investment Management LLC grew its holdings in Interactive Brokers Group by 76.6% during the 2nd 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 in the last quarter. Fairfield Financial Advisors LTD purchased a new stake in Interactive Brokers Group during the second quarter valued at $32,000. UMB Bank n.a. lifted its position in Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 224 shares during the last quarter. DT Investment Partners LLC grew its stake in shares of Interactive Brokers Group by 60.1% in the 3rd quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider’s stock worth $54,000 after buying an additional 146 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in shares of Interactive Brokers Group in the 3rd quarter worth about $81,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $180.21 on Friday. The stock has a 50 day moving average price of $147.69 and a 200 day moving average price of $131.01. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $181.21. The firm has a market capitalization of $75.88 billion, a P/E ratio of 27.51, a P/E/G ratio of 1.40 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter last year, the business posted $1.55 earnings per share. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is presently 15.27%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays lowered their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. 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 note on Tuesday, October 8th. Jefferies Financial Group boosted their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Piper Sandler restated an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.00.

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.