Interactive Brokers Group, Inc. $IBKR Stock Holdings Boosted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 148.8% during the 2nd quarter, Holdings Channel reports. The firm owned 89,734 shares of the financial services provider’s stock after purchasing an additional 53,674 shares during the period. TD Waterhouse Canada Inc.’s holdings in Interactive Brokers Group were worth $5,050,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. N.E.W. Advisory Services LLC bought a new stake in Interactive Brokers Group in the first quarter worth about $26,000. Nvwm LLC bought a new stake in shares of Interactive Brokers Group in the 1st quarter worth approximately $33,000. ASR Vermogensbeheer N.V. bought a new stake in shares of Interactive Brokers Group in the 1st quarter worth approximately $33,000. Quarry LP lifted its stake in Interactive Brokers Group by 486.3% during the first quarter. Quarry LP now owns 299 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 248 shares during the last quarter. Finally, Smithfield Trust Co boosted its holdings in Interactive Brokers Group by 78.5% during the first quarter. Smithfield Trust Co now owns 341 shares of the financial services provider’s stock worth $57,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on IBKR. CICC Research initiated coverage on Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target on the stock. BMO Capital Markets boosted their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a research note on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Interactive Brokers Group in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $72.08.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 10,645 shares of Interactive Brokers Group stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total transaction of $734,505.00. Following the completion of the sale, the director owned 198,704 shares of the company’s stock, valued at approximately $13,710,576. This trade represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul Jonathan Brody sold 17,058 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 28,289 shares in the company, valued at $1,860,850.42. This trade represents a 37.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,026,711 shares of company stock valued at $65,238,880 in the last quarter. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Trading Down 4.6%

Shares of IBKR stock opened at $61.56 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $73.35. The company has a market capitalization of $104.41 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 2.16 and a beta of 1.22. The stock’s fifty day simple moving average is $67.74 and its 200-day simple moving average is $61.02.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 EPS. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.38%.

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.