Quantbot Technologies LP Takes Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Quantbot Technologies LP acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, Holdings Channel.com reports. The fund acquired 15,104 shares of the financial services provider’s stock, valued at approximately $2,668,000.

Other large investors have also made changes to their positions in the company. Donoghue Forlines LLC purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $2,088,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $3,750,000. Friedenthal Financial purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $775,000. New Millennium Group LLC purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $2,319,000. Finally, Caldwell Investment Management Ltd. purchased a new stake in Interactive Brokers Group during the fourth quarter worth $1,215,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $173.36 on Friday. The company has a fifty day moving average of $203.19 and a two-hundred day moving average of $176.73. The stock has a market capitalization of $73.26 billion, a PE ratio of 24.56, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The company 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%. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. Research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.99% of the company’s stock.

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.