Interactive Brokers Group, Inc. $IBKR Stock: Axecap Investments LLC Decreases Holdings

Axecap Investments LLC trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 41.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,549 shares of the financial services provider’s stock after selling 20,606 shares during the quarter. Interactive Brokers Group comprises about 1.5% of Axecap Investments LLC’s investment portfolio, making the stock its 25th largest holding. Axecap Investments LLC’s holdings in Interactive Brokers Group were worth $2,524,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of IBKR. Quadrant Capital Group LLC raised its position in shares of Interactive Brokers Group by 1.9% in the third quarter. Quadrant Capital Group LLC now owns 28,531 shares of the financial services provider’s stock valued at $2,496,000 after buying an additional 519 shares in the last quarter. Carnegie Investment Counsel raised its position in Interactive Brokers Group by 60.0% during the third quarter. Carnegie Investment Counsel now owns 5,276 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 1,979 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Interactive Brokers Group by 3.6% during the third quarter. Nisa Investment Advisors LLC now owns 34,287 shares of the financial services provider’s stock worth $2,929,000 after purchasing an additional 1,182 shares during the last quarter. DUTCH ASSET Corp lifted its stake in Interactive Brokers Group by 10.2% during the third quarter. DUTCH ASSET Corp now owns 87,858 shares of the financial services provider’s stock worth $7,505,000 after purchasing an additional 8,133 shares during the last quarter. Finally, MBM Wealth Consultants LLC boosted its holdings in shares of Interactive Brokers Group by 3.6% in the 3rd quarter. MBM Wealth Consultants LLC now owns 18,122 shares of the financial services provider’s stock valued at $1,548,000 after purchasing an additional 630 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Rothschild & Co Redburn lifted their price target on Interactive Brokers Group from $94.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, September 21st. Piper Sandler set a $109.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. BMO Capital Markets restated an “outperform” rating and set a $100.00 price objective (down from $105.00) on shares of Interactive Brokers Group in a research report on Friday. Wells Fargo & Company initiated coverage on Interactive Brokers Group in a research note on Friday, October 2nd. They issued an “overweight” rating and a $102.00 price objective on the stock. Finally, China Renaissance started coverage on Interactive Brokers Group in a research note on Tuesday, July 7th. They issued a “hold” rating and a $99.90 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $102.87.

Interactive Brokers Group Stock Up 1.9%

Shares of IBKR stock opened at $82.91 on Wednesday. The firm has a market capitalization of $141.06 billion, a P/E ratio of 31.89, a P/E/G ratio of 1.36 and a beta of 1.37. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $98.75. The stock’s fifty day simple moving average is $90.00 and its 200 day simple moving average is $87.50.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Interactive Brokers Group had a return on equity of 5.38% and a net margin of 10.03%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.0875. The ex-dividend date is Tuesday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 13.46%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.