UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 24,750 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,200 shares of the financial services provider’s stock after selling 24,750 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Interactive Brokers Group were worth $36,540,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IBKR. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Interactive Brokers Group by 1.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,250 shares of the financial services provider’s stock valued at $3,240,000 after acquiring an additional 237 shares in the last quarter. Bridgewater Associates LP grew its position in shares of Interactive Brokers Group by 33.7% during the 3rd quarter. Bridgewater Associates LP now owns 27,546 shares of the financial services provider’s stock worth $3,839,000 after purchasing an additional 6,950 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of Interactive Brokers Group by 1.2% during the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock worth $760,000 after purchasing an additional 67 shares during the period. FMR LLC raised its position in shares of Interactive Brokers Group by 12.2% in the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock valued at $152,543,000 after buying an additional 119,187 shares in the last quarter. Finally, Qsemble Capital Management LP boosted its stake in shares of Interactive Brokers Group by 23.5% in the third quarter. Qsemble Capital Management LP now owns 10,448 shares of the financial services provider’s stock valued at $1,456,000 after buying an additional 1,989 shares during the period. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $186.89 on Wednesday. Interactive Brokers Group, Inc. has a one year low of $77.75 and a one year high of $193.42. The company has a market cap of $78.96 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.45 and a beta of 0.85. The firm has a 50 day simple moving average of $161.10 and a 200 day simple moving average of $136.54.

Interactive Brokers Group (NASDAQ:IBKR) last announced 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 net margin of 7.89% and a return on equity of 4.83%. The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. As a group, analysts expect that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

Analysts Set New Price Targets

Several equities analysts have weighed in on IBKR shares. UBS Group lifted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Barclays dropped their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Piper Sandler reiterated an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Jefferies Financial Group upped 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. Finally, The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.00.

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.