Quantbot Technologies LP Acquires 6,236 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Quantbot Technologies LP raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 54.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,623 shares of the financial services provider’s stock after purchasing an additional 6,236 shares during the quarter. Quantbot Technologies LP’s holdings in Interactive Brokers Group were worth $1,969,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AIA Group Ltd bought a new position in Interactive Brokers Group during the fourth quarter valued at about $1,840,000. International Assets Investment Management LLC purchased a new stake in Interactive Brokers Group during the fourth quarter valued at about $7,841,000. Goldman Sachs Group Inc. lifted its holdings in Interactive Brokers Group by 122.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after purchasing an additional 524,503 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Interactive Brokers Group by 93.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider’s stock valued at $3,044,000 after purchasing an additional 16,996 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in Interactive Brokers Group during the fourth quarter valued at about $1,910,000. Institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IBKR shares. Citigroup increased their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Barclays increased their price target on shares of Interactive Brokers Group from $136.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday. Jefferies Financial Group increased their price target on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a report on Monday. Bank of America increased their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Piper Sandler increased their price target on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.11.

Interactive Brokers Group Trading Up 0.5 %

Interactive Brokers Group stock traded up $0.56 on Friday, hitting $121.61. 1,031,276 shares of the stock traded hands, compared to its average volume of 1,023,925. The firm has a market cap of $51.21 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The business’s fifty day simple moving average is $123.44 and its 200 day simple moving average is $109.77. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, analysts predict that Interactive Brokers Group, Inc. will post 6.87 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.25 dividend. The ex-dividend date was Friday, May 31st. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 dividend on an annualized basis and a yield of 0.82%. Interactive Brokers Group’s payout ratio is currently 17.09%.

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.