TD Private Client Wealth LLC Has $3.33 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

TD Private Client Wealth LLC boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 217.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,116 shares of the financial services provider’s stock after buying an additional 41,199 shares during the period. TD Private Client Wealth LLC’s holdings in Interactive Brokers Group were worth $3,331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its position in Interactive Brokers Group by 397.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 281,554 shares of the financial services provider’s stock worth $15,601,000 after acquiring an additional 224,932 shares during the period. Ballentine Partners LLC purchased a new stake in shares of Interactive Brokers Group in the second quarter worth approximately $845,000. Cigna Investments Inc. New acquired a new stake in shares of Interactive Brokers Group during the second quarter worth approximately $232,000. Norden Group LLC boosted its holdings in shares of Interactive Brokers Group by 291.9% during the second quarter. Norden Group LLC now owns 6,036 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 4,496 shares during the period. Finally, Mainstream Capital Management LLC grew its position in Interactive Brokers Group by 327.2% during the second quarter. Mainstream Capital Management LLC now owns 18,372 shares of the financial services provider’s stock valued at $1,018,000 after purchasing an additional 14,071 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Trading Down 1.6%

IBKR stock opened at $64.46 on Thursday. The firm has a market cap of $109.33 billion, a PE ratio of 33.14, a PEG ratio of 2.66 and a beta of 1.23. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $68.07. The company has a fifty day simple moving average of $63.58 and a 200 day simple moving average of $53.30.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The business’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $1.76 earnings per share. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, September 1st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is 16.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on IBKR shares. Citigroup increased their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Piper Sandler increased their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Barclays boosted their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Finally, Wall Street Zen raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.38.

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the sale, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul Jonathan Brody sold 116,861 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the transaction, the chief financial officer owned 158,954 shares in the company, valued at $10,289,092.42. The trade was a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,140,913 shares of company stock worth $72,994,353. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.