Aigen Investment Management LP Takes $432,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Aigen Investment Management LP purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,446 shares of the financial services provider's stock, valued at approximately $432,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new position in Interactive Brokers Group in the fourth quarter valued at about $7,288,000. M&T Bank Corp increased its holdings in shares of Interactive Brokers Group by 9.6% in the fourth quarter. M&T Bank Corp now owns 12,390 shares of the financial services provider's stock worth $2,189,000 after acquiring an additional 1,088 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Interactive Brokers Group by 18.6% in the fourth quarter. Victory Capital Management Inc. now owns 196,542 shares of the financial services provider's stock worth $34,723,000 after acquiring an additional 30,891 shares in the last quarter. Keybank National Association OH increased its holdings in shares of Interactive Brokers Group by 37.5% in the fourth quarter. Keybank National Association OH now owns 2,931 shares of the financial services provider's stock worth $518,000 after acquiring an additional 800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Interactive Brokers Group by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 818,198 shares of the financial services provider's stock worth $144,551,000 after acquiring an additional 18,775 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares of the company's stock, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.21% of the company's stock.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR traded up $2.47 during mid-day trading on Friday, hitting $192.17. 3,297,235 shares of the stock were exchanged, compared to its average volume of 2,023,756. The stock has a market capitalization of $81.20 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The firm's 50-day simple moving average is $205.88 and its 200 day simple moving average is $173.57. 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 5.00% and a net margin of 9.25%. The company's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.52 EPS. On average, analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. Interactive Brokers Group's payout ratio is 14.16%.

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.