Interactive Brokers Group, Inc. $IBKR Shares Acquired by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its Interactive Brokers stake by 209.4% in the third quarter, owning 40,225 shares valued at approximately $3.4 million. Other institutional investors also raised their positions, though institutions collectively own 23.8% of IBKR.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $102.87. Ratings include one Strong Buy, 11 Buys, and six Holds.
• Interactive Brokers reported third-quarter revenue of $1.87 billion, up 15.6% year over year, while EPS of $0.67 matched estimates. The company also raised its quarterly dividend to $0.15 per share, implying a 0.7% yield.

Crossmark Global Holdings Inc. increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 209.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,225 shares of the financial services provider's stock after purchasing an additional 27,226 shares during the period. Crossmark Global Holdings Inc.'s holdings in Interactive Brokers Group were worth $3,436,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBKR. Wealth Enhancement Trust Services Inc. lifted its position in Interactive Brokers Group by 1,217.2% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 382 shares of the financial services provider's stock worth $33,000 after acquiring an additional 353 shares during the last quarter. CoreCap Advisors LLC raised its position in Interactive Brokers Group by 62.2% during the 3rd quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider's stock worth $45,000 after purchasing an additional 201 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 584.6% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 534 shares of the financial services provider's stock worth $36,000 after buying an additional 456 shares in the last quarter. Mather Group LLC. raised its stake in Interactive Brokers Group by 70.4% during the 3rd quarter. Mather Group LLC. now owns 656 shares of the financial services provider's stock worth $56,000 after buying an additional 271 shares during the period. Finally, Activest Wealth Management increased its position in shares of Interactive Brokers Group by 2,960.9% during the third quarter. Activest Wealth Management now owns 704 shares of the financial services provider's stock worth $60,000 after acquiring an additional 681 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IBKR. Capital One Financial set a $105.00 target price on Interactive Brokers Group in a research report on Tuesday, October 6th. Zacks Research cut Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 24th. Seaport Research Partners raised shares of Interactive Brokers Group to a "buy" rating in a research report on Monday, October 12th. BMO Capital Markets restated an "outperform" rating and set a $100.00 price objective (down from $105.00) on shares of Interactive Brokers Group in a research note on Friday, October 16th. Finally, Raymond James Financial began coverage on Interactive Brokers Group in a report on Wednesday, August 26th. They set a "market perform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.87.

Interactive Brokers Group Price Performance

IBKR opened at $80.28 on Friday. The business's 50-day moving average is $89.46 and its two-hundred day moving average is $87.67. Interactive Brokers Group, Inc. has a 1 year low of $58.95 and a 1 year high of $98.75. The firm has a market capitalization of $136.59 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of 1.34 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. Interactive Brokers Group had a return on equity of 5.38% and a net margin of 10.03%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The business's revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.69 EPS for the current year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 1st. This is an increase from Interactive Brokers Group's previous quarterly dividend of $0.0875. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. Interactive Brokers Group's payout ratio is presently 13.46%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.

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