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

TD Asset Management Inc grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2,098.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,300,711 shares of the financial services provider’s stock after purchasing an additional 2,196,067 shares during the period. TD Asset Management Inc’s holdings in Interactive Brokers Group were worth $158,312,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IBKR. Mufg Securities Americas Inc. acquired a new stake in Interactive Brokers Group in the 3rd quarter valued at approximately $826,000. Sound View Wealth Advisors Group LLC grew its stake in shares of Interactive Brokers Group by 12.3% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 27,506 shares of the financial services provider’s stock worth $1,893,000 after acquiring an additional 3,003 shares in the last quarter. Marks Group Wealth Management Inc acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $3,050,000. Premier Fund Managers Ltd lifted its position in shares of Interactive Brokers Group by 4.1% in the third quarter. Premier Fund Managers Ltd now owns 256,200 shares of the financial services provider’s stock worth $17,629,000 after purchasing an additional 10,200 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ boosted its holdings in Interactive Brokers Group by 3.6% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 136,535 shares of the financial services provider’s stock worth $9,395,000 after purchasing an additional 4,687 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $73.65 on Thursday. The firm has a 50-day moving average of $71.74 and a 200-day moving average of $67.89. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $79.18. The company has a market cap of $124.92 billion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 2.01 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the firm earned $0.51 EPS. Interactive Brokers Group’s quarterly revenue was up 18.5% compared to the same quarter last year. Analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

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

Wall Street Analyst Weigh In

IBKR has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. BMO Capital Markets lifted their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, Barclays set a $83.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $76.39.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. The trade was a 48.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 400,000 shares of company stock worth $30,725,122. Insiders own 2.97% of the company’s stock.

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.