TD Asset Management Inc Invests $1.38 Million in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

TD Asset Management Inc bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,014 shares of the financial services provider’s stock, valued at approximately $1,376,000.

A number of other hedge funds and other institutional investors have also modified their holdings of IBKR. BlackRock Inc. increased its position in shares of Interactive Brokers Group by 12.7% during the third quarter. BlackRock Inc. now owns 8,359,280 shares of the financial services provider’s stock worth $534,243,000 after acquiring an additional 943,731 shares during the last quarter. Cantillon Capital Management LLC increased its position in shares of Interactive Brokers Group by 30.3% during the fourth quarter. Cantillon Capital Management LLC now owns 3,220,214 shares of the financial services provider’s stock worth $232,982,000 after acquiring an additional 749,342 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Interactive Brokers Group during the third quarter worth about $42,813,000. Assenagon Asset Management S.A. increased its holdings in Interactive Brokers Group by 195.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 975,506 shares of the financial services provider’s stock valued at $70,578,000 after buying an additional 644,923 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Interactive Brokers Group by 7.0% in the third quarter. Vanguard Group Inc. now owns 9,035,116 shares of the financial services provider’s stock valued at $577,435,000 after buying an additional 592,266 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

IBKR opened at $77.99 on Wednesday. The company has a market capitalization of $32.72 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 0.46 and a beta of 0.78. Interactive Brokers Group, Inc. has a 1-year low of $52.18 and a 1-year high of $90.19. The business has a 50 day moving average price of $80.60 and a two-hundred day moving average price of $79.12.

Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last announced its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.05). Interactive Brokers Group had a net margin of 8.82% and a return on equity of 4.14%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company posted $0.82 EPS. Interactive Brokers Group’s revenue was up 63.7% on a year-over-year basis. Equities analysts expect that Interactive Brokers Group, Inc. will post 5.61 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 9.05%.

Insider Activity

In other news, Director Philip Uhde sold 108,844 shares of the stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $81.77, for a total transaction of $8,900,173.88. Following the completion of the sale, the director now owns 2,270 shares in the company, valued at approximately $185,617.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.34% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on IBKR shares. StockNews.com started coverage on Interactive Brokers Group in a report on Thursday, March 16th. They issued a “hold” rating for the company. Barclays lowered their price objective on Interactive Brokers Group from $102.00 to $99.00 and set an “overweight” rating for the company in a report on Friday, April 14th. Bank of America upped their target price on Interactive Brokers Group from $138.00 to $141.00 and gave the company a “buy” rating in a report on Wednesday, April 19th. Citigroup boosted their price objective on Interactive Brokers Group from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Finally, Piper Sandler reduced their price objective on Interactive Brokers Group from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, April 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.33.

Interactive Brokers Group Profile

(Get Rating)

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.