DT Investment Partners LLC Acquires Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

On October 26th, 2024, it was reported that DT Investment Partners LLC increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 60.1% during the third quarter of the year. According to the latest 13F filing with the Securities and Exchange Commission (SEC), the firm now holds a total of 389 shares after acquiring an additional 146 shares during this period. As of the most recent filing, DT Investment Partners LLC's investment in Interactive Brokers Group is valued at approximately $54,000.

Other institutional investors have also made changes to their positions in Interactive Brokers Group recently. For instance, Tortoise Investment Management LLC expanded its holdings by 76.6% in the second quarter, acquiring 111 additional shares, bringing their total to 256 shares valued at $31,000. Additionally, Fairfield Financial Advisors LTD entered a new position in Interactive Brokers Group worth around $32,000 in the same quarter. UMB Bank n.a. made significant adjustments as well, increasing its stake by 350.0% in the third quarter to own 288 shares valued at $40,000 after purchasing 224 shares. Mendota Financial Group LLC took a new position worth about $81,000 in the third quarter. Bessemer Group Inc. dramatically hiked its investment by 389.9% in the first quarter, now possessing 632 shares valued at $70,000 after acquiring 503 more shares. Overall, institutional investors collectively hold about 23.80% of the company's stock.

Performance of Interactive Brokers Group

As of the last trading session, shares of Interactive Brokers Group were priced at $147.17. The company boasts a market capitalization of $61.97 billion, with a price-to-earnings ratio of 22.47, and a price-to-earnings-growth ratio of 1.15. The stock has shown volatility with a 50-day moving average of $135.70 and a 200-day moving average of $125.54. Over the past year, shares of Interactive Brokers Group have ranged between a low of $72.60 and a high of $154.75.

On October 15, the company released its latest earnings report, revealing earnings per share (EPS) of $1.75 for the quarter, falling short of the consensus estimate of $1.78 by $0.03. Revenue for the quarter was reported at $2.45 billion, significantly surpassing the expected figure of $1.32 billion. The net margin stood at 7.89% with a return on equity of 4.82%. This EPS figure represents an increase from $1.55 reported in the same quarter last year. Analysts are projecting an EPS of 6.89 for the current year.

Dividend Information

In addition, Interactive Brokers Group has recently announced a quarterly dividend, set to be disbursed on December 13, with shareholders of record as of November 29 eligible to receive $0.25 per share. The ex-dividend date is scheduled for November 29. This dividend proposal translates to an annualized dividend of $1.00, yielding 0.68%, with a current payout ratio of 15.27%.

Analysts’ Ratings and Price Targets

Several financial analysts have issued their forecasts regarding Interactive Brokers Group. Keefe, Bruyette & Woods recently downgraded the company from an “outperform” to a “market perform” rating, and adjusted their price target to $135.00 from the prior $128.00. Piper Sandler reaffirmed an “overweight” rating with a price target of $163.00. Barclays revised their price target from $166.00 to $165.00, maintaining an “overweight” rating. Jefferies Financial Group raised their target price to $165.00 from $152.00 and assigned a “buy” rating. UBS Group increased their target from $155.00 to $170.00, also giving the company a “buy” rating. In overall view, one analyst has issued a hold rating while eight recommend buying the stock. The consensus rating on MarketBeat.com suggests a “Moderate Buy” with an average target price of $143.00.

About Interactive Brokers Group

Interactive Brokers Group, Inc. functions as an automated electronic brokerage firm with a global presence. The company is involved in the execution, clearance, and settlement of a wide array of trades, including stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange-traded funds (ETFs), precious metals, and cryptocurrencies.

DTInvestmentPartners, InteractiveBrokers, Stocks