TD Private Client Wealth LLC Has $3.35 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

TD Private Client Wealth LLC reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,953 shares of the financial services provider’s stock after selling 844 shares during the quarter. TD Private Client Wealth LLC’s holdings in Interactive Brokers Group were worth $3,348,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Donoghue Forlines LLC bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $2,088,000. Union Bancaire Privee UBP SA bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $3,750,000. Friedenthal Financial bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $775,000. New Millennium Group LLC bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $2,319,000. Finally, Caldwell Investment Management Ltd. bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $1,215,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jill Bright bought 135 shares of the stock in a transaction on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.99% of the company’s stock.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several recent research reports. UBS Group raised their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group raised their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, Barclays raised their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $173.36 on Friday. The stock has a market capitalization of $73.26 billion, a PE ratio of 24.56, a P/E/G ratio of 1.59 and a beta of 0.99. The business has a fifty day moving average price of $203.19 and a two-hundred day moving average price of $176.39. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. Interactive Brokers Group’s revenue was up 21.8% on a year-over-year basis. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. Interactive Brokers Group’s payout ratio is presently 14.16%.

Interactive Brokers Group 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.