180,000 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Acquired by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 180,000 shares of the financial services provider’s stock, valued at approximately $25,085,000.

Several other institutional investors have also recently made changes to their positions in IBKR. Tortoise Investment Management LLC raised its stake 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 valued at $31,000 after purchasing an additional 111 shares during the period. Fairfield Financial Advisors LTD purchased a new position in Interactive Brokers Group during the 2nd quarter valued at about $32,000. UMB Bank n.a. increased its position in shares of 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 buying an additional 224 shares during the period. Smithfield Trust Co lifted its holdings in shares of Interactive Brokers Group by 80.6% in the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after buying an additional 154 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of Interactive Brokers Group in the third quarter valued at approximately $49,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. UBS Group upped 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. Barclays lifted their price objective on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Jefferies Financial Group upped their target price 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. Finally, The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.13.

Interactive Brokers Group Trading Down 0.5 %

Shares of Interactive Brokers Group stock opened at $179.49 on Monday. The firm has a market capitalization of $75.84 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 1.42 and a beta of 0.85. Interactive Brokers Group, Inc. has a 12 month low of $78.93 and a 12 month high of $193.42. The business’s 50-day moving average price is $168.78 and its 200-day moving average price is $140.10.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results 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 the consensus estimate of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same quarter in the previous year, the business earned $1.55 earnings per share. As a group, analysts predict that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is presently 15.27%.

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.