TD Waterhouse Canada Inc. raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 25.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 645,823 shares of the financial services provider’s stock after acquiring an additional 129,177 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Interactive Brokers Group were worth $55,462,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nykredit A S bought a new position in Interactive Brokers Group in the second quarter valued at $15,348,000. Engineers Gate Manager LP increased its stake in Interactive Brokers Group by 831.3% in the 2nd quarter. Engineers Gate Manager LP now owns 108,359 shares of the financial services provider’s stock valued at $9,432,000 after buying an additional 96,724 shares during the last quarter. AXQ Capital LP increased its stake in Interactive Brokers Group by 69.6% in the 2nd quarter. AXQ Capital LP now owns 45,065 shares of the financial services provider’s stock valued at $3,922,000 after buying an additional 18,499 shares during the last quarter. Cetera Investment Advisers increased its stake in Interactive Brokers Group by 30.1% in the 1st quarter. Cetera Investment Advisers now owns 209,311 shares of the financial services provider’s stock valued at $14,038,000 after buying an additional 48,443 shares during the last quarter. Finally, Progeny 3 Inc. lifted its position in Interactive Brokers Group by 3.1% during the 1st quarter. Progeny 3 Inc. now owns 2,195,640 shares of the financial services provider’s stock worth $147,262,000 after buying an additional 65,880 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.
More Interactive Brokers Group News
Here are the key news stories impacting Interactive Brokers Group this week:
- Positive Sentiment: Analyst and rating support: Barclays raised its price target to $117 from $115, while Zacks upgraded IBKR to Rank #1, or “Strong Buy,” citing improving earnings prospects. Evercore ISI also initiated coverage with an Outperform rating. Barclays price target article
- Positive Sentiment: Revenue and customer growth remained healthy: Third-quarter adjusted net revenue rose 15.6% year over year to approximately $1.87 billion, supported by higher net interest income, commissions and customer growth. Commissions increased 12% to about $602 million, while management highlighted continued expansion in global market access, institutional services and AI-powered trading tools. Interactive Brokers revenue growth article
- Positive Sentiment: Dividend increased substantially: Interactive Brokers declared a quarterly dividend of $0.15 per share, up 71.4% from $0.0875, payable December 14 to shareholders of record December 1. The new annualized payout is $0.60 per share. Interactive Brokers dividend announcement
- Neutral Sentiment: Results matched expectations: Adjusted diluted earnings were $0.67 per share versus consensus of $0.67, while adjusted revenue of $1.87 billion was slightly above the $1.86 billion estimate. Earnings improved from $0.57 per share a year earlier, but the limited upside likely contributed to the muted market reaction. Interactive Brokers third-quarter results
- Negative Sentiment: Valuation and interest-rate risks remain: Investors remain sensitive to IBKR’s elevated valuation and exposure to interest rates. A 25-basis-point decline in U.S. rates could reduce annual net interest income by roughly $83 million, while moderating trading activity and lower commission rates could pressure future growth. Interactive Brokers valuation analysis
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on IBKR. Evercore began coverage on shares of Interactive Brokers Group in a research note on Monday, October 12th. They set an “outperform” rating and a $100.00 price objective for the company. BMO Capital Markets restated an “outperform” rating and issued a $100.00 price objective (down from $105.00) on shares of Interactive Brokers Group in a report on Friday. Capital One Financial set a $105.00 target price on Interactive Brokers Group in a research report on Tuesday, October 6th. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 24th. Finally, China Renaissance started coverage on Interactive Brokers Group in a report on Tuesday, July 7th. They set a “hold” rating and a $99.90 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.12.
View Our Latest Analysis on IBKR
Interactive Brokers Group Stock Down 3.9%
Shares of NASDAQ IBKR traded down $3.34 during trading hours on Friday, hitting $82.69. The company had a trading volume of 7,263,067 shares, compared to its average volume of 3,882,338. The stock has a market capitalization of $140.69 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 1.53 and a beta of 1.37. Interactive Brokers Group, Inc. has a 1-year low of $58.95 and a 1-year high of $98.75. The firm’s 50 day moving average is $90.32 and its 200-day moving average is $87.12.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last released its earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.50%. The firm’s revenue was up 15.6% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 2.70 earnings per share for the current year.
Interactive Brokers Group Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Tuesday, December 1st will be paid a $0.15 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.0875. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, December 1st. Interactive Brokers Group’s dividend payout ratio is 14.00%.
About Interactive Brokers Group
Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.
Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.
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