TD Asset Management Inc Has $158.31 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

TD Asset Management Inc boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2,098.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,300,711 shares of the financial services provider’s stock after purchasing an additional 2,196,067 shares during the quarter. TD Asset Management Inc owned about 0.14% of Interactive Brokers Group worth $158,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in IBKR. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $27,000. Huntington National Bank boosted its stake in Interactive Brokers Group by 51.8% in the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 176 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in Interactive Brokers Group during the 2nd quarter worth $32,000. N.E.W. Advisory Services LLC raised its position in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 474 shares during the last quarter. Finally, Rialto Wealth Management LLC lifted its stake in shares of Interactive Brokers Group by 306.4% in the 2nd quarter. Rialto Wealth Management LLC now owns 764 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 576 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IBKR. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. BMO Capital Markets raised their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Barclays set a $83.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $76.39.

Interactive Brokers Group Trading Up 2.4%

NASDAQ:IBKR opened at $73.65 on Thursday. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $79.18. The stock has a 50-day moving average price of $71.74 and a two-hundred day moving average price of $67.89. The stock has a market cap of $124.92 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.01 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business posted $0.51 EPS. Interactive Brokers Group’s revenue for the quarter was up 18.5% on a year-over-year basis. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 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 Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 14.48%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the completion of the sale, the insider owned 155,000 shares of the company’s stock, valued at $12,066,750. This represents a 48.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 400,000 shares of company stock valued at $30,725,122 in the last ninety days. 2.97% of the stock is owned by corporate insiders.

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.