68,010 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 68,010 shares of the financial services provider's stock, valued at approximately $12,015,000.

Other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new position in Interactive Brokers Group in the fourth quarter valued at about $25,000. SRH Advisors LLC purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $28,000. Versant Capital Management Inc increased its stake in Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. boosted its holdings 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 valued at $33,000 after acquiring an additional 88 shares during the period. Finally, Rialto Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $33,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Jill Bright bought 135 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares of the company's stock, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.99% of the stock is currently owned by corporate insiders.

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Interactive Brokers Group Stock Down 0.4 %

IBKR traded down $0.68 during trading on Thursday, hitting $170.04. The company's stock had a trading volume of 831,006 shares, compared to its average volume of 2,220,141. The stock has a market capitalization of $71.85 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53. The firm's 50 day moving average price is $192.31 and its two-hundred day moving average price is $180.22.

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 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. On average, sell-side 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 announced 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 of this dividend was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.59%. Interactive Brokers Group's payout ratio is presently 14.16%.

Analysts Set New Price Targets

IBKR has been the subject of a number of research analyst reports. UBS Group raised their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods boosted their price target 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. Citigroup dropped their price target on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Piper Sandler dropped their target price on Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, Barclays decreased their price target on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating for the company in a research note on Monday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $195.88.

About Interactive Brokers Group

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.