Picton Mahoney Asset Management Purchases Shares of 3,022 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Picton Mahoney Asset Management purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,022 shares of the financial services provider’s stock, valued at approximately $534,000.

Other institutional investors also recently modified their holdings of the company. Donoghue Forlines LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at $2,088,000. Aurora Investment Counsel bought a new position in shares of Interactive Brokers Group in the third quarter valued at $1,693,000. Union Bancaire Privee UBP SA bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at $3,750,000. Friedenthal Financial acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $775,000. Finally, New Millennium Group LLC acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $2,319,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 4.4 %

NASDAQ IBKR opened at $168.11 on Monday. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53. The company has a market capitalization of $71.04 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The firm’s fifty day simple moving average is $204.67 and its 200-day simple moving average is $175.42.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. Interactive Brokers Group’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.52 earnings per share. As a group, analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on IBKR shares. Barclays boosted their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Citigroup boosted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Piper Sandler reissued an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. UBS Group boosted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average price target of $204.13.

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.