ExodusPoint Capital Management LP Raises Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

ExodusPoint Capital Management LP raised its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 55.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 49,232 shares of the financial services provider's stock after purchasing an additional 17,628 shares during the period. ExodusPoint Capital Management LP's holdings in Interactive Brokers Group were worth $8,698,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IBKR. Wellington Management Group LLP lifted its stake in shares of Interactive Brokers Group by 8,249.3% in the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock valued at $263,950,000 after purchasing an additional 1,476,135 shares during the last quarter. Norges Bank acquired a new position in Interactive Brokers Group in the fourth quarter valued at about $229,316,000. Raymond James Financial Inc. acquired a new position in Interactive Brokers Group in the fourth quarter valued at about $120,046,000. Geode Capital Management LLC boosted its stake in Interactive Brokers Group by 9.4% during 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 buying an additional 193,497 shares during the period. Finally, Twin Tree Management LP increased its position in shares of Interactive Brokers Group by 492.8% during the fourth quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider's stock valued at $40,130,000 after acquiring an additional 188,827 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

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Interactive Brokers Group Price Performance

NASDAQ IBKR traded down $8.35 on Thursday, hitting $162.38. 1,642,013 shares of the company's stock were exchanged, compared to its average volume of 1,301,378. The firm's 50-day moving average price is $192.31 and its two-hundred day moving average price is $180.22. The firm has a market cap of $68.62 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 1.59 and a beta of 1.02. 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 released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Interactive Brokers Group's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 earnings per share. On average, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is 14.16%.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the company's stock in a transaction on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now owns 2,476 shares of the company's stock, valued at $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.99% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of 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. StockNews.com raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Thursday. Citigroup cut their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. UBS Group raised their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Piper Sandler cut 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. Two equities research 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 a consensus rating of "Moderate Buy" and a consensus price target of $195.88.

Interactive Brokers Group 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.