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Assenagon Asset Management S.A. Increases Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Interactive Brokers Group logo with Finance background

Assenagon Asset Management S.A. grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 97.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 215,568 shares of the financial services provider's stock after acquiring an additional 106,618 shares during the quarter. Assenagon Asset Management S.A. owned about 0.05% of Interactive Brokers Group worth $38,084,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its stake in Interactive Brokers Group by 1.0% during the second quarter. American Century Companies Inc. now owns 95,230 shares of the financial services provider's stock worth $11,675,000 after purchasing an additional 983 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Interactive Brokers Group by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 301,688 shares of the financial services provider's stock worth $36,988,000 after buying an additional 27,621 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Interactive Brokers Group by 5.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,327 shares of the financial services provider's stock valued at $776,000 after buying an additional 323 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Interactive Brokers Group by 2.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,704 shares of the financial services provider's stock valued at $1,434,000 after acquiring an additional 326 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new position in Interactive Brokers Group in the second quarter worth approximately $246,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays lifted their target price on Interactive Brokers Group from $214.00 to $224.00 and gave the company an "overweight" rating in a research report on Monday. Piper Sandler upped their target price on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods lifted their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research report on Monday. 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. Finally, Citigroup lifted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a report on Friday, January 10th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Interactive Brokers Group has an average rating of "Moderate Buy" and an average price target of $190.13.

View Our Latest Stock Analysis on Interactive Brokers Group

Interactive Brokers Group Stock Up 1.0 %

Interactive Brokers Group stock traded up $1.93 during mid-day trading on Friday, reaching $190.09. 1,258,144 shares of the company's stock were exchanged, compared to its average volume of 1,197,385. Interactive Brokers Group, Inc. has a twelve month low of $88.22 and a twelve month high of $193.42. The company has a market cap of $80.32 billion, a P/E ratio of 29.02, a P/E/G ratio of 1.35 and a beta of 0.87. The company has a fifty day moving average of $183.19 and a 200-day moving average of $149.73.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same quarter in the previous year, the business posted $1.55 earnings per share. Equities research analysts expect that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current fiscal year.

About Interactive Brokers Group

(Free Report)

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.

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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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