Interactive Brokers Group, Inc. $IBKR Position Lifted by Citigroup Inc.

Citigroup Inc. raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 61.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,432,598 shares of the financial services provider’s stock after purchasing an additional 928,978 shares during the period. Citigroup Inc. owned 0.14% of Interactive Brokers Group worth $167,387,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. National Pension Service raised its stake in shares of Interactive Brokers Group by 2.2% in the 3rd quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock worth $48,692,000 after buying an additional 15,339 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Interactive Brokers Group by 36.8% during the third quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock worth $1,777,000 after acquiring an additional 7,234 shares during the period. State of Michigan Retirement System raised its position in Interactive Brokers Group by 15.0% in the third quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock worth $8,285,000 after acquiring an additional 15,684 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Interactive Brokers Group by 1,221.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock valued at $5,073,000 after acquiring an additional 68,148 shares during the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in Interactive Brokers Group in the 3rd quarter valued at about $2,468,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $74.39 on Friday. The firm’s 50 day moving average price is $71.17 and its two-hundred day moving average price is $67.73. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $79.18. The stock has a market cap of $126.18 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.08 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the firm posted $0.51 earnings per share. Interactive Brokers Group’s revenue was up 18.5% compared to the same quarter last year. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $0.08 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is currently 14.48%.

Insider Activity

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 400,000 shares of company stock valued at $30,725,122 over the last ninety days. 2.97% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

IBKR has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Barclays set a $83.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. BMO Capital Markets upped their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. CICC Research initiated coverage on Interactive Brokers Group in a research note on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. Finally, Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $76.39.

About Interactive Brokers Group

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.