Citizens Financial Group Inc. RI Acquires Shares of 5,953 Interactive Brokers Group, Inc. $IBKR

Citizens Financial Group Inc. RI bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,953 shares of the financial services provider’s stock, valued at approximately $518,000.

A number of other hedge funds also recently made changes to their positions in IBKR. AQR Capital Management LLC increased its holdings in Interactive Brokers Group by 24.7% during the first quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after buying an additional 2,713 shares during the last quarter. Brown Advisory Inc. boosted its stake in Interactive Brokers Group by 307.9% in the second quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock valued at $803,000 after acquiring an additional 10,943 shares during the last quarter. Cerity Partners LLC purchased a new position in Interactive Brokers Group in the second quarter valued at about $318,000. Daiwa Securities Group Inc. grew its position in shares of Interactive Brokers Group by 291.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock valued at $1,973,000 after acquiring an additional 26,500 shares during the period. Finally, AXA S.A. grew its position in shares of Interactive Brokers Group by 128.1% during the 2nd quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock valued at $710,000 after acquiring an additional 7,197 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $110.00 price target (up from $105.00) on shares of Interactive Brokers Group in a report on Wednesday, July 22nd. Piper Sandler set a $109.00 price objective on Interactive Brokers Group in a report on Wednesday, July 22nd. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Bank of America raised their target price on Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Wolfe Research started coverage on Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.89.

Interactive Brokers Group Stock Down 0.0%

Shares of NASDAQ:IBKR opened at $90.54 on Thursday. The firm has a market capitalization of $154.05 billion, a PE ratio of 36.22, a P/E/G ratio of 1.67 and a beta of 1.34. The company has a 50-day moving average price of $91.87 and a two-hundred day moving average price of $81.58. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. Analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be given a $0.0875 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is 14.00%.

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.