Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Acquired by Royal Bank of Canada

Royal Bank of Canada increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 258,679 shares of the financial services provider’s stock after purchasing an additional 4,993 shares during the quarter. Royal Bank of Canada owned 0.06% of Interactive Brokers Group worth $16,532,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wipfli Financial Advisors LLC acquired a new position in Interactive Brokers Group in the 3rd quarter worth about $28,000. Fifth Third Bancorp raised its holdings in Interactive Brokers Group by 40.2% in the 3rd quarter. Fifth Third Bancorp now owns 509 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 146 shares during the period. Eagle Bay Advisors LLC acquired a new position in Interactive Brokers Group in the 2nd quarter worth about $31,000. Quadrant Capital Group LLC raised its holdings in Interactive Brokers Group by 180.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 743 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 478 shares during the period. Finally, CWM LLC raised its holdings in Interactive Brokers Group by 20.5% in the 3rd quarter. CWM LLC now owns 787 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 134 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays upped their price target on Interactive Brokers Group from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, January 18th. One equities research analyst has rated the stock with a hold rating and four have issued a buy 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 $94.60.

Insider Activity

In other news, Chairman Thomas Peterffy sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $75.09, for a total value of $30,036.00. Following the completion of the sale, the chairman now directly owns 1,896,105 shares in the company, valued at $142,378,524.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 180,400 shares of company stock worth $13,946,636 over the last ninety days. Corporate insiders own 5.72% of the company’s stock.

Interactive Brokers Group Trading Down 1.2 %

NASDAQ:IBKR opened at $88.17 on Tuesday. The stock has a 50 day moving average of $80.87 and a two-hundred day moving average of $74.82. The firm has a market cap of $36.99 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 0.63 and a beta of 0.79. Interactive Brokers Group, Inc. has a 12 month low of $52.18 and a 12 month high of $90.19.

Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last posted its quarterly earnings results on Tuesday, January 17th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.14. The business had revenue of $976.00 million during the quarter, compared to analyst estimates of $926.75 million. Interactive Brokers Group had a return on equity of 3.77% and a net margin of 9.30%. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 5.48 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 14th. Stockholders of record on Wednesday, March 1st will be given a $0.10 dividend. The ex-dividend date is Tuesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 10.70%.

About Interactive Brokers Group

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Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serves the customers of both traditional brokers and prime brokers.