Interactive Brokers Group, Inc. $IBKR Shares Purchased by TD Asset Management Inc

TD Asset Management Inc increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 2,381,961 shares of the financial services provider’s stock after acquiring an additional 81,250 shares during the quarter. TD Asset Management Inc’s holdings in Interactive Brokers Group were worth $153,184,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Interactive Brokers Group by 26.4% in the 3rd quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock valued at $3,637,234,000 after purchasing an additional 11,048,679 shares during the last quarter. State Street Corp boosted its holdings in shares of Interactive Brokers Group by 23.2% in the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock valued at $1,283,221,000 after purchasing an additional 3,517,729 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Interactive Brokers Group by 17.6% in the 3rd quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock valued at $750,110,000 after purchasing an additional 1,630,620 shares during the last quarter. Orbis Allan Gray Ltd boosted its holdings in shares of Interactive Brokers Group by 178.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after purchasing an additional 6,246,715 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Interactive Brokers Group by 225.4% in the 2nd quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock valued at $420,834,000 after purchasing an additional 5,260,923 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 0.1%

NASDAQ:IBKR opened at $87.02 on Friday. The firm has a market capitalization of $147.62 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 2.41 and a beta of 1.32. The firm’s fifty day simple moving average is $78.71 and its 200 day simple moving average is $72.50. Interactive Brokers Group, Inc. has a twelve month low of $49.15 and a twelve month high of $91.02.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.94 EPS. On average, analysts predict that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.09%.

Analysts Set New Price Targets

A number of brokerages have weighed in on IBKR. Piper Sandler lifted their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target on the stock. BMO Capital Markets lifted their price target on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Barclays lifted their price target on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a report on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.25.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.80% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.