Interactive Brokers Group, Inc. $IBKR Stake Boosted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 25.0% in the third quarter, HoldingsChannel reports. The firm owned 645,823 shares of the financial services provider’s stock after buying an additional 129,177 shares during the period. TD Waterhouse Canada Inc.’s holdings in Interactive Brokers Group were worth $55,462,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Trust Services Inc. raised its stake in Interactive Brokers Group by 1,217.2% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 382 shares of the financial services provider’s stock valued at $33,000 after buying an additional 353 shares during the period. Reflection Asset Management acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $26,000. Tobam bought a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $30,000. SHP Wealth Management bought a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $31,000. Finally, CoreCap Advisors LLC boosted its stake in shares of Interactive Brokers Group by 62.2% during the 3rd quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 201 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on IBKR. Barclays set a $117.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Friday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Interactive Brokers Group in a report on Wednesday, September 2nd. Weiss Ratings cut shares of Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Seaport Research Partners raised shares of Interactive Brokers Group to a “buy” rating in a research report on Monday, October 12th. Finally, Raymond James Financial initiated coverage on shares of Interactive Brokers Group in a report on Wednesday, August 26th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.12.

Trending Headlines about Interactive Brokers Group

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

Interactive Brokers Group Trading Down 3.9%

Shares of NASDAQ:IBKR traded down $3.34 during trading on Friday, reaching $82.69. 7,263,067 shares of the stock were exchanged, compared to its average volume of 3,882,338. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $98.75. The firm has a market cap of $140.69 billion, a PE ratio of 31.80, a PEG ratio of 1.53 and a beta of 1.37. The stock has a 50-day moving average price of $90.32 and a 200-day moving average price of $87.12.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Thursday, October 15th. The financial services provider reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.86 billion. Interactive Brokers Group had a return on equity of 5.50% and a net margin of 10.03%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.70 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Tuesday, December 1st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s payout ratio is currently 14.00%.

Interactive Brokers Group Profile

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.