Citizens Financial Group Inc. RI Takes $518,000 Position in Interactive Brokers Group, Inc. $IBKR

Citizens Financial Group Inc. RI bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,953 shares of the financial services provider’s stock, valued at approximately $518,000.

A number of other large investors also recently modified their holdings of the company. Firetrail Investments PTY Ltd. acquired a new stake in Interactive Brokers Group in the 2nd quarter valued at $8,708,000. Bank of New York Mellon Corp acquired a new position in Interactive Brokers Group during the second quarter worth $210,639,000. S&CO Inc. acquired a new position in Interactive Brokers Group during the second quarter worth $5,233,000. Tema ETFs LLC lifted its stake in shares of Interactive Brokers Group by 10.6% in the second quarter. Tema ETFs LLC now owns 9,050 shares of the financial services provider’s stock valued at $788,000 after buying an additional 870 shares in the last quarter. Finally, Fiduciary Financial Group LLC lifted its stake in shares of Interactive Brokers Group by 3.1% in the second quarter. Fiduciary Financial Group LLC now owns 3,968 shares of the financial services provider’s stock valued at $345,000 after buying an additional 118 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Bank of America boosted their target price on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Piper Sandler set a $109.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Barclays set a $114.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. China Renaissance began coverage on Interactive Brokers Group in a report on Tuesday, July 7th. They set a “hold” rating for the company. Finally, Wolfe Research started coverage on Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $96.89.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $90.54 on Thursday. The company has a fifty day moving average price of $91.87 and a 200-day moving average price of $81.58. The firm has a market cap of $154.05 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 1.67 and a beta of 1.34. Interactive Brokers Group, Inc. has a 1 year low of $58.95 and a 1 year high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the firm earned $0.51 earnings per share. The firm’s revenue was up 28.1% on a year-over-year basis. On average, research analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be paid a $0.0875 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.00%.

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.