News about IBKR

Encompass More Asset Management bought a new stake of 6,947 shares in Interactive Brokers Group (NASDAQ:IBKR) in the third quarter, valued at about $593,000, according to Holdings Channel. Third-quarter adjusted net revenue rose 15.6% year over year to about $1.87 billion, and adjusted diluted EPS of $0.67 matched consensus, up from $0.57 a year earlier. The quarterly dividend was raised 71.4% to $0.15 per share from $0.0875, payable December 14 to holders of record December 1. Shares opened at $82.69 on Friday, down 3.9%. The article also flags risks from elevated valuation and interest rates, as a 25-basis-point rate decline could cut annual net interest income by roughly $83 million.