Bryce Point Capital LLC Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Bryce Point Capital LLC acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,750 shares of the financial services provider's stock, valued at approximately $486,000.

Several other hedge funds also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA bought a new stake in Interactive Brokers Group in the fourth quarter valued at $1,219,000. Trexquant Investment LP raised its stake in Interactive Brokers Group by 618.6% during the 4th quarter. Trexquant Investment LP now owns 83,824 shares of the financial services provider's stock worth $14,809,000 after buying an additional 72,159 shares during the period. Geode Capital Management LLC boosted its holdings in Interactive Brokers Group by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider's stock worth $399,205,000 after acquiring an additional 193,497 shares in the last quarter. Nemes Rush Group LLC grew its stake in Interactive Brokers Group by 258.7% in the fourth quarter. Nemes Rush Group LLC now owns 1,320 shares of the financial services provider's stock valued at $233,000 after acquiring an additional 952 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of Interactive Brokers Group by 559.0% during the fourth quarter. National Bank of Canada FI now owns 60,692 shares of the financial services provider's stock valued at $10,723,000 after acquiring an additional 51,482 shares in the last quarter. Institutional investors own 23.80% of the company's stock.

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Interactive Brokers Group Stock Down 4.5 %

Interactive Brokers Group stock traded down $7.65 during trading on Thursday, hitting $163.07. The stock had a trading volume of 1,642,013 shares, compared to its average volume of 1,301,309. The stock's 50 day moving average is $192.31 and its two-hundred day moving average is $180.22. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The stock has a market cap of $68.91 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is currently 14.16%.

Analyst Upgrades and Downgrades

A number of analysts have commented on IBKR shares. Keefe, Bruyette & Woods boosted 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 note on Monday, January 13th. StockNews.com upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Thursday. UBS Group boosted 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. 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 report on Tuesday. Finally, Citigroup decreased their price target on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of "Moderate Buy" and a consensus target price of $195.88.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares of the company's stock, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.99% of the stock is currently owned by corporate insiders.

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.