Hanseatic Management Services Inc. Purchases 388 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Hanseatic Management Services Inc. increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.7% in the 3rd quarter, Holdings Channel reports. The firm owned 7,216 shares of the financial services provider’s stock after buying an additional 388 shares during the quarter. Interactive Brokers Group comprises approximately 1.4% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 24th biggest position. Hanseatic Management Services Inc.’s holdings in Interactive Brokers Group were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of IBKR. Tortoise Investment Management LLC lifted its holdings in shares of Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 111 shares during the period. Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group during the second quarter valued at approximately $32,000. UMB Bank n.a. raised its holdings 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 worth $40,000 after buying an additional 224 shares in the last quarter. DT Investment Partners LLC boosted its stake in Interactive Brokers Group by 60.1% in the 3rd quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider’s stock valued at $54,000 after buying an additional 146 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Interactive Brokers Group by 389.9% in the first quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 503 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $171.69 on Thursday. The stock’s 50-day moving average is $140.77 and its 200-day moving average is $128.16. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $173.09. The firm has a market cap of $72.30 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data 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). The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. During the same quarter in the prior year, the company earned $1.55 earnings per share. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 6.9 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. 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 0.58%. Interactive Brokers Group’s payout ratio is 15.27%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group raised their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group raised their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Barclays lowered their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Finally, Piper Sandler restated an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group 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.