Tidal Investments LLC Has $1.93 Million Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Tidal Investments LLC lowered its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 51.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,820 shares of the financial services provider’s stock after selling 14,631 shares during the quarter. Tidal Investments LLC’s holdings in Interactive Brokers Group were worth $1,926,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Sanctuary Advisors LLC grew its holdings in Interactive Brokers Group by 6.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,637 shares of the financial services provider’s stock worth $3,015,000 after acquiring an additional 1,283 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Interactive Brokers Group during the third quarter valued at approximately $89,000. SkyView Investment Advisors LLC grew its stake in shares of Interactive Brokers Group by 1.3% during the third quarter. SkyView Investment Advisors LLC now owns 36,971 shares of the financial services provider’s stock valued at $5,152,000 after purchasing an additional 460 shares during the last quarter. Hohimer Wealth Management LLC raised its position in Interactive Brokers Group by 4.1% in the 3rd quarter. Hohimer Wealth Management LLC now owns 4,007 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 157 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in Interactive Brokers Group by 0.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock worth $2,759,000 after buying an additional 69 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IBKR. UBS Group lifted 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. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Barclays raised their target price on shares of 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 boosted their price target on shares of 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, Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.13.

Interactive Brokers Group Trading Up 0.4 %

Shares of Interactive Brokers Group stock opened at $180.20 on Tuesday. The stock’s fifty day simple moving average is $169.42 and its 200 day simple moving average is $140.47. The company has a market capitalization of $76.14 billion, a PE ratio of 27.51, a PEG ratio of 1.42 and a beta of 0.85. Interactive Brokers Group, Inc. has a 12 month low of $80.00 and a 12 month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last released 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). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business earned $1.55 EPS. Analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

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.