Titan Wealth CI Ltd Purchases Shares of 111,457 Interactive Brokers Group, Inc. $IBKR

Titan Wealth CI Ltd purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 111,457 shares of the financial services provider’s stock, valued at approximately $7,168,000. Interactive Brokers Group accounts for 2.8% of Titan Wealth CI Ltd’s investment portfolio, making the stock its 21st biggest holding.

Other large investors also recently made changes to their positions in the company. Citigroup Inc. increased its stake in shares of Interactive Brokers Group by 61.8% in the third quarter. Citigroup Inc. now owns 2,432,598 shares of the financial services provider’s stock valued at $167,387,000 after purchasing an additional 928,978 shares during the period. Crocodile Capital Partners GmbH bought a new stake in Interactive Brokers Group during the fourth quarter worth approximately $12,041,000. Fifth Third Bancorp raised its holdings in Interactive Brokers Group by 12.9% during the third quarter. Fifth Third Bancorp now owns 163,007 shares of the financial services provider’s stock worth $11,217,000 after purchasing an additional 18,574 shares in the last quarter. New Millennium Group LLC raised its holdings in Interactive Brokers Group by 3,128.5% during the third quarter. New Millennium Group LLC now owns 88,462 shares of the financial services provider’s stock worth $6,087,000 after purchasing an additional 85,722 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in Interactive Brokers Group during the fourth quarter worth approximately $22,356,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction that occurred 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 directly 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $93.10 on Wednesday. The firm has a market cap of $157.93 billion, a price-to-earnings ratio of 40.13, a price-to-earnings-growth ratio of 2.56 and a beta of 1.32. Interactive Brokers Group, Inc. has a 1 year low of $49.30 and a 1 year high of $94.73. The firm’s 50 day moving average price is $82.22 and its two-hundred day moving average price is $73.95.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm 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 firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 earnings per share. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on IBKR. Wolfe Research began coverage on Interactive Brokers Group in a report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price on the stock. Jefferies Financial Group dropped their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a report on Friday, May 1st. BMO Capital Markets boosted their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.22.

Interactive Brokers Group Company Profile

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.