Cinctive Capital Management LP Makes New $1.46 Million Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Cinctive Capital Management LP acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,288 shares of the financial services provider's stock, valued at approximately $1,464,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC raised its stake in Interactive Brokers Group by 60.2% during the 3rd quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider's stock worth $425,000 after acquiring an additional 1,146 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Interactive Brokers Group by 487.4% during the third quarter. Benjamin Edwards Inc. now owns 2,931 shares of the financial services provider's stock worth $409,000 after purchasing an additional 2,432 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Interactive Brokers Group by 67.4% during the third quarter. HighTower Advisors LLC now owns 72,636 shares of the financial services provider's stock worth $10,133,000 after purchasing an additional 29,257 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Interactive Brokers Group by 82.3% in the 3rd quarter. Quantinno Capital Management LP now owns 3,167 shares of the financial services provider's stock valued at $441,000 after purchasing an additional 1,430 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at about $1,483,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several research firms have commented on IBKR. Citigroup reduced their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price target 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. StockNews.com cut shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Piper Sandler dropped their price target on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Barclays reduced their price objective on shares of Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average price target of $195.88.

Interactive Brokers Group Trading Up 16.1 %

Shares of NASDAQ:IBKR traded up $23.70 during trading on Wednesday, hitting $170.72. 4,715,680 shares of the stock were exchanged, compared to its average volume of 1,299,367. The company has a market cap of $72.14 billion, a PE ratio of 24.18, a P/E/G ratio of 1.59 and a beta of 1.02. The company has a fifty day moving average price of $192.31 and a two-hundred day moving average price of $180.22. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results 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 company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the business earned $1.52 earnings per share. Interactive Brokers Group's quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.59%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 14.16%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the company's stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 2.99% of the stock is currently owned by company 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.