Greenwich Wealth Management LLC Has $365.27 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fairfield Financial Advisors LTD acquired a new position in shares of Interactive Brokers Group in the 2nd quarter valued at $32,000. Federated Hermes Inc. lifted its stake in Interactive Brokers Group by 0.7% in the second quarter. Federated Hermes Inc. now owns 262,162 shares of the financial services provider’s stock valued at $32,141,000 after buying an additional 1,877 shares during the period. American Century Companies Inc. boosted its holdings in Interactive Brokers Group by 1.0% during the second quarter. American Century Companies Inc. now owns 95,230 shares of the financial services provider’s stock worth $11,675,000 after buying an additional 983 shares during the last quarter. AGF Management Ltd. boosted its holdings in Interactive Brokers Group by 3.5% during the second quarter. AGF Management Ltd. now owns 546,471 shares of the financial services provider’s stock worth $66,997,000 after buying an additional 18,616 shares during the last quarter. Finally, Mawer Investment Management Ltd. grew its position in shares of Interactive Brokers Group by 122.3% during the 2nd quarter. Mawer Investment Management Ltd. now owns 113,405 shares of the financial services provider’s stock worth $13,903,000 after buying an additional 62,388 shares during the period. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Up 3.6 %

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 business has a 50 day moving average of $121.49 and a 200-day moving average of $118.84. The stock has a market cap of $53.93 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 1.10 and a beta of 0.80.

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

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors 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 dividend on an annualized basis and a yield of 0.78%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IBKR. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. UBS Group lifted their target price on Interactive Brokers Group from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Jefferies Financial Group increased their price target on Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Finally, Barclays lifted their price objective on Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $133.44.

Interactive Brokers Group 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.