Raleigh Capital Management Inc. Grows Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Raleigh Capital Management Inc. grew its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,885 shares of the financial services provider’s stock after buying an additional 549 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Interactive Brokers Group were worth $681,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IBKR. Tortoise Investment Management LLC boosted its position in shares of Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 111 shares during the period. Fairfield Financial Advisors LTD bought a new position in shares of Interactive Brokers Group in the 2nd quarter valued at approximately $32,000. UMB Bank n.a. raised its stake in shares of Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 224 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Interactive Brokers Group by 213.6% in the 1st quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 329 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new position in Interactive Brokers Group in the 3rd quarter worth approximately $81,000. 23.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on IBKR shares. Piper Sandler reissued an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. UBS Group boosted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. Jefferies Financial Group upped their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Barclays decreased their target price 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $149.64 on Tuesday. The company has a market capitalization of $63.01 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.34 and a beta of 0.80. The business’s 50-day moving average is $132.77 and its 200-day moving average is $124.47. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $154.75.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company 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 company earned $1.55 earnings per share. Analysts anticipate that Interactive Brokers Group, Inc. will post 6.92 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.67%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

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.