Trust Co. of Toledo NA OH Takes $97,000 Position in Interactive Brokers Group, Inc. $IBKR

Trust Co. of Toledo NA OH purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,744 shares of the financial services provider’s stock, valued at approximately $97,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in shares of Interactive Brokers Group by 50.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock valued at $98,886,000 after purchasing an additional 199,467 shares in the last quarter. Thrive Wealth Management LLC raised its holdings in shares of Interactive Brokers Group by 243.8% during the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 6,163 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Interactive Brokers Group by 1,093.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 6,760 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Interactive Brokers Group by 237.8% during the 2nd quarter. Truist Financial Corp now owns 202,665 shares of the financial services provider’s stock valued at $11,230,000 after purchasing an additional 142,662 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of Interactive Brokers Group by 19.5% during the 1st quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider’s stock valued at $7,839,000 after purchasing an additional 7,734 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IBKR shares. Weiss Ratings restated a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Saturday, September 27th. BMO Capital Markets assumed coverage on shares of Interactive Brokers Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $82.00 target price on the stock. Wall Street Zen upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, Citigroup raised their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average target price of $65.47.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the firm’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $65.78, for a total value of $1,122,075.24. Following the sale, the chief financial officer directly owned 28,289 shares in the company, valued at $1,860,850.42. This trade represents a 37.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 1,205,683 shares of company stock valued at $77,217,965. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $69.01 on Monday. The firm has a market capitalization of $117.05 billion, a price-to-earnings ratio of 35.48, a P/E/G ratio of 2.83 and a beta of 1.22. The company’s fifty day moving average is $64.87 and its two-hundred day moving average is $55.64. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping 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 net margin of 9.78% and a return on equity of 4.92%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $1.76 EPS. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share 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 given a $0.08 dividend. 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 currently 16.49%.

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.