Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Position Boosted by AXQ Capital LP

AXQ Capital LP grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 198.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,190 shares of the financial services provider’s stock after acquiring an additional 5,444 shares during the period. Interactive Brokers Group comprises about 0.7% of AXQ Capital LP’s portfolio, making the stock its 20th largest holding. AXQ Capital LP’s holdings in Interactive Brokers Group were worth $1,447,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of IBKR. Contravisory Investment Management Inc. purchased a new position in shares of Interactive Brokers Group in the fourth quarter worth approximately $25,000. SRH Advisors LLC purchased a new stake in Interactive Brokers Group in the 4th quarter worth approximately $28,000. Versant Capital Management Inc boosted its stake in shares of Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the period. Blue Trust Inc. increased its stake in shares of Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in Interactive Brokers Group during the fourth quarter valued at $33,000. 23.80% of the stock is owned by institutional investors.

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The shares were bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.99% of the company’s stock.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $173.36 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The company has a 50 day moving average price of $203.19 and a 200-day moving average price of $176.39. The company 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 (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 EPS. On average, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.25 per share. 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 payout ratio is currently 14.16%.

Analysts Set New Price Targets

IBKR has been the subject of a number of recent research reports. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. StockNews.com downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Monday, March 17th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price objective on shares of 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. Finally, UBS Group upped their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price 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.