Interactive Brokers Group, Inc. (NASDAQ:IBKR) is Greenwich Wealth Management LLC’s Largest Position

Greenwich Wealth Management LLC grew its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,979,372 shares of the financial services provider’s stock after buying an additional 8,038 shares during the quarter. Interactive Brokers Group makes up about 26.5% of Greenwich Wealth Management LLC’s investment portfolio, making the stock its largest holding. Greenwich Wealth Management LLC owned approximately 0.71% of Interactive Brokers Group worth $365,271,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IBKR. Norges Bank bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at $97,476,000. Goldman Sachs Group Inc. raised its holdings in Interactive Brokers Group by 122.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after acquiring an additional 524,503 shares during the period. Bares Capital Management Inc. increased its stake in shares of Interactive Brokers Group by 10.4% in the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock worth $313,920,000 after purchasing an additional 264,543 shares during the period. Woodson Capital Management LP bought a new position in Interactive Brokers Group in the 4th quarter worth approximately $16,000,000. Finally, Scout Investments Inc. acquired a new position in Interactive Brokers Group during the 1st quarter valued at $18,335,000. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on IBKR shares. Jefferies Financial Group increased their target price on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Barclays raised their price objective on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. UBS Group lifted their price objective on Interactive Brokers Group from $145.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 9th. Finally, Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.44.

Interactive Brokers Group Stock Up 3.6 %

Shares of NASDAQ IBKR opened at $128.07 on Monday. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $130.10. The firm’s 50-day simple moving average is $121.49 and its 200 day simple moving average is $118.84. The company has a market cap of $53.93 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 1.10 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.32 earnings per share. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.78%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

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.