Citigroup Inc. Has $83.32 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

Citigroup Inc. raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 299.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,503,620 shares of the financial services provider’s stock after acquiring an additional 1,126,887 shares during the quarter. Citigroup Inc. owned approximately 0.09% of Interactive Brokers Group worth $83,316,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Goldman Sachs Group Inc. increased its position in shares of Interactive Brokers Group by 50.2% in the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock valued at $98,886,000 after acquiring an additional 199,467 shares during the last quarter. Thrive Wealth Management LLC grew its stake in Interactive Brokers Group by 243.8% in the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 6,163 shares in the last quarter. Quinn Opportunity Partners LLC grew its stake in Interactive Brokers Group by 158.0% in the second quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock valued at $17,233,000 after purchasing an additional 190,452 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Interactive Brokers Group by 335.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 374,008 shares of the financial services provider’s stock worth $20,724,000 after purchasing an additional 288,055 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Interactive Brokers Group by 312.8% during the 2nd quarter. TD Asset Management Inc now owns 104,644 shares of the financial services provider’s stock worth $5,798,000 after purchasing an additional 79,294 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the company’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $65.78, for a total value of $1,122,075.24. Following the transaction, the chief financial officer directly owned 28,289 shares of the company’s stock, valued at $1,860,850.42. This represents a 37.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lawrence E. Harris sold 10,645 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total value of $734,505.00. Following the transaction, the director owned 198,704 shares in the company, valued at $13,710,576. The trade was a 5.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,026,711 shares of company stock worth $65,238,880 in the last ninety days. 2.97% of the stock is owned by company insiders.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $63.27 on Wednesday. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35. The company has a market capitalization of $107.31 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 2.16 and a beta of 1.22. The company has a 50-day simple moving average of $67.74 and a 200 day simple moving average of $60.99.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the firm earned $1.61 EPS. The business’s revenue was up 21.2% on a year-over-year basis. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.38%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several analyst reports. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a research note on Friday, October 17th. BMO Capital Markets boosted their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Barclays set a $80.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average price target of $72.08.

Interactive Brokers Group Company 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.