Navellier & Associates Inc. Has $447,000 Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Navellier & Associates Inc. lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 23.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,209 shares of the financial services provider’s stock after selling 989 shares during the period. Navellier & Associates Inc.’s holdings in Interactive Brokers Group were worth $447,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of IBKR. Greenwich Wealth Management LLC boosted its stake in 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 period. Bares Capital Management Inc. grew its holdings in Interactive Brokers Group by 10.4% during 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 raised its position 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 purchasing an additional 481,826 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after acquiring an additional 1,004,289 shares during the period. Finally, Bronte Capital Management Pty Ltd. boosted its stake 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 valued at $116,174,000 after purchasing an additional 23,828 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 2.0 %

Shares of Interactive Brokers Group stock opened at $191.71 on Friday. The company’s fifty day simple moving average is $152.79 and its two-hundred day simple moving average is $132.93. The company has a market cap of $81.00 billion, a P/E ratio of 29.27, a PEG ratio of 1.45 and a beta of 0.79. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $192.25.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. Analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal 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 of this dividend 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

IBKR has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Barclays reduced their price objective 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. Piper Sandler restated an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group raised their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.