Oppenheimer & Co. Inc. Invests $229,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Oppenheimer & Co. Inc. bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,645 shares of the financial services provider’s stock, valued at approximately $229,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. 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 worth $132,655,000 after purchasing an additional 1,004,289 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in Interactive Brokers Group during the 3rd quarter worth approximately $83,630,000. Marshall Wace LLP boosted its holdings 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 acquiring an additional 481,826 shares during the period. Bares Capital Management Inc. grew its position in Interactive Brokers Group by 10.4% in the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock valued at $313,920,000 after acquiring an additional 264,543 shares in the last quarter. Finally, Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group in the third quarter valued at approximately $26,946,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Down 0.0 %

Shares of Interactive Brokers Group stock opened at $191.62 on Friday. The business has a 50-day moving average price of $154.06 and a 200 day moving average price of $133.41. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $193.21. The firm has a market cap of $80.96 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.45 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share 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 last year, the firm posted $1.55 earnings per share. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.52%. Interactive Brokers Group’s payout ratio is currently 15.27%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. 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. Piper Sandler reissued an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Barclays dropped their target price on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group increased their price target 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 equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

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.