Crawford Fund Management LLC Decreases Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Crawford Fund Management LLC trimmed its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 21.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 44,158 shares of the financial services provider’s stock after selling 12,242 shares during the period. Interactive Brokers Group comprises approximately 1.3% of Crawford Fund Management LLC’s holdings, making the stock its 10th largest holding. Crawford Fund Management LLC’s holdings in Interactive Brokers Group were worth $6,154,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of IBKR. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Interactive Brokers Group by 1.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,250 shares of the financial services provider’s stock worth $3,240,000 after purchasing an additional 237 shares during the last quarter. Bridgewater Associates LP boosted its position in shares of Interactive Brokers Group by 33.7% in 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 during the last quarter. Townsquare Capital LLC boosted its position in shares of Interactive Brokers Group by 1.2% in the 3rd 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 last quarter. FMR LLC boosted its position in shares of Interactive Brokers Group by 12.2% in the 3rd quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock worth $152,543,000 after purchasing an additional 119,187 shares during the last quarter. Finally, Qsemble Capital Management LP boosted its position in shares of Interactive Brokers Group by 23.5% in the 3rd quarter. Qsemble Capital Management LP now owns 10,448 shares of the financial services provider’s stock worth $1,456,000 after purchasing an additional 1,989 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on IBKR. UBS Group raised their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Barclays dropped their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

Interactive Brokers Group Price Performance

IBKR opened at $191.31 on Friday. The business’s 50-day moving average price is $157.75 and its two-hundred day moving average price is $135.01. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $193.42. The company has a market capitalization of $80.83 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 1.50 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly 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). 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 analyst estimates of $1.32 billion. During the same period in the prior year, the business earned $1.55 EPS. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s payout ratio is 15.27%.

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.