Renaissance Technologies LLC Acquires 225,910 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Renaissance Technologies LLC raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 59.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 604,910 shares of the financial services provider's stock after buying an additional 225,910 shares during the quarter. Renaissance Technologies LLC owned about 0.14% of Interactive Brokers Group worth $106,869,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group in the fourth quarter valued at $25,000. SRH Advisors LLC purchased a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $28,000. Versant Capital Management Inc increased its stake in shares of Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after acquiring an additional 71 shares in the last quarter. Blue Trust Inc. lifted its position in Interactive Brokers Group by 90.7% during the 4th 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, Aster Capital Management DIFC Ltd grew its holdings in Interactive Brokers Group by 39.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock worth $33,000 after purchasing an additional 53 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Interactive Brokers Group Stock Performance

Shares of IBKR traded up $0.74 during mid-day trading on Monday, hitting $172.09. 555,227 shares of the company traded hands, compared to its average volume of 2,237,346. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The stock has a 50-day moving average price of $190.12 and a two-hundred day moving average price of $180.97. The stock has a market cap of $72.72 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 1.59 and a beta of 1.02.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating 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 firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the prior year, the firm earned $1.52 EPS. The company's revenue was up 21.8% compared to the same quarter last year. On average, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current 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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio is presently 14.16%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IBKR shares. StockNews.com raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Thursday. Piper Sandler cut their target price on Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Barclays lowered their price target on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Citigroup reduced their price objective on shares of 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. Finally, UBS Group upped their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $195.88.

Insider Activity

In other news, Director Jill Bright bought 135 shares of the firm's stock in a transaction on Friday, January 31st. The shares were bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.99% of the company's stock.

Interactive Brokers Group Company 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.