Chiron Investment Management LLC Buys Shares of 8,391 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Chiron Investment Management LLC acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,391 shares of the financial services provider’s stock, valued at approximately $1,169,000.

A number of other institutional investors also recently added to or reduced their stakes in IBKR. Tortoise Investment Management LLC lifted its position in shares of Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after buying an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD purchased a new stake in Interactive Brokers Group during the second quarter valued at approximately $32,000. UMB Bank n.a. lifted its position in Interactive Brokers Group by 350.0% during the third 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 during the last quarter. Smithfield Trust Co boosted its stake in Interactive Brokers Group by 80.6% in the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 154 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in Interactive Brokers Group in the third quarter worth $49,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $176.00 on Wednesday. The stock has a market cap of $74.36 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.46 and a beta of 0.85. The firm has a fifty day moving average price of $166.68 and a 200 day moving average price of $139.01. Interactive Brokers Group, Inc. has a 1 year low of $78.93 and a 1 year high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data 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 company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business posted $1.55 EPS. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.25 per share. 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 0.57%. Interactive Brokers Group’s payout ratio is 15.27%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays raised their price objective on Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research report on Monday. Jefferies Financial Group raised their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Piper Sandler restated an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. The Goldman Sachs Group boosted their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, UBS Group raised their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average target price of $166.13.

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.