Sun Sep 15 15:18:51 UTC 2024: ## Institutional Investors Adjust Holdings in Interactive Brokers Group

**New York, NY – September 15, 2024** – GHP Investment Advisors Inc. reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 11.5% in the second quarter, according to a recent 13F filing. This followed a trend of other institutional investors adjusting their holdings in the financial services provider.

Tortoise Investment Management LLC significantly boosted its position in IBKR by 76.6% during the same period. Oliver Luxxe Assets LLC, QRG Capital Management Inc., Thrive Wealth Management LLC, and CIBC Asset Management Inc. also increased their stakes in the company during the quarter.

Overall, institutional investors and hedge funds currently own 23.80% of IBKR’s stock.

**Analyst Sentiment Remains Positive**

Despite the mixed signals from institutional investors, equities research analysts remain generally positive about IBKR’s prospects. Barclays, Jefferies Financial Group, and UBS Group have recently raised their target prices on the stock, while Keefe, Bruyette & Woods lowered its rating from “outperform” to “market perform.” Currently, eight analysts rate IBKR as a “buy” and two rate it as a “hold,” resulting in a “Moderate Buy” consensus rating and a target price of $133.44.

**Strong Earnings and Dividend Payment**

Interactive Brokers Group reported strong second-quarter earnings, beating analyst estimates with EPS of $1.76 and revenue of $1.29 billion. The company also declared a quarterly dividend of $0.25, representing a yield of 0.78%.

**Looking Forward**

While institutional investor activity suggests some uncertainty, positive analyst sentiment and strong earnings suggest continued optimism about Interactive Brokers Group’s future performance. Investors will likely monitor future earnings reports and any shifts in institutional holdings for further insights into the company’s trajectory.

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