Citigroup Inc. Has $52.57 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Citigroup Inc. grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 377,220 shares of the financial services provider's stock after acquiring an additional 16,984 shares during the quarter. Citigroup Inc. owned approximately 0.09% of Interactive Brokers Group worth $52,569,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Tortoise Investment Management LLC raised its holdings in shares of Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider's stock worth $31,000 after purchasing an additional 111 shares during the period. Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group during the second quarter worth about $32,000. UMB Bank n.a. lifted its holdings in Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock worth $40,000 after acquiring an additional 224 shares during the last quarter. Smithfield Trust Co boosted its stake in Interactive Brokers Group by 80.6% in the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 154 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in shares of Interactive Brokers Group during the third quarter valued at approximately $49,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on IBKR shares. Barclays reduced their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. UBS Group increased their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Piper Sandler restated an "overweight" rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.

Interactive Brokers Group Price Performance

Shares of IBKR traded down $0.09 during trading hours on Friday, hitting $191.62. 1,588,832 shares of the company were exchanged, compared to its average volume of 1,024,036. The company has a market capitalization of $80.96 billion, a PE ratio of 29.25, a PEG ratio of 1.50 and a beta of 0.79. The firm has a fifty day simple moving average of $154.06 and a 200-day simple moving average of $133.50. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $193.21.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business earned $1.55 EPS. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 15.27%.

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.