Twin Tree Management LP Purchases 188,827 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Twin Tree Management LP grew its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 492.8% in the 4th quarter, HoldingsChannel reports. The fund owned 227,144 shares of the financial services provider’s stock after buying an additional 188,827 shares during the period. Twin Tree Management LP’s holdings in Interactive Brokers Group were worth $40,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of IBKR. KG&L Capital Management LLC grew its holdings in Interactive Brokers Group by 2.5% during the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock worth $428,000 after buying an additional 60 shares in the last quarter. Townsquare Capital LLC grew its holdings in Interactive Brokers Group by 1.2% during the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock worth $760,000 after buying an additional 67 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in Interactive Brokers Group by 0.3% during the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock worth $2,759,000 after buying an additional 69 shares in the last quarter. Versant Capital Management Inc grew its holdings in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after buying an additional 71 shares in the last quarter. Finally, Lebenthal Global Advisors LLC grew its holdings in Interactive Brokers Group by 1.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock worth $1,270,000 after buying an additional 78 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on IBKR shares. Piper Sandler reiterated an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Citigroup boosted their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. UBS Group boosted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods boosted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $168.11 on Monday. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53. The business’s fifty day moving average price is $204.67 and its 200-day moving average price is $175.42. The stock has a market capitalization of $71.04 billion, a PE ratio of 23.81, a P/E/G ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Insider Buying and Selling

In related news, Director Jill Bright acquired 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following 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 is available through the SEC website. 2.99% of the stock is currently owned by insiders.

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.