Lecap Asset Management Ltd. Takes $711,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Lecap Asset Management Ltd. purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,025 shares of the financial services provider's stock, valued at approximately $711,000.

Other hedge funds have also recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc increased its holdings 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 buying an additional 71 shares during the last quarter. Blue Trust Inc. raised its position in shares of 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 buying an additional 88 shares in the last quarter. Harbor Investment Advisory LLC raised its position in shares of Interactive Brokers Group by 100.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider's stock valued at $35,000 after buying an additional 100 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock worth $40,000 after acquiring an additional 224 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBKR has been the topic of a number of research analyst reports. Barclays increased their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Monday, January 13th. Citigroup boosted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. UBS Group lifted their price target 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. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $204.13.

Interactive Brokers Group Trading Down 2.1 %

Shares of NASDAQ:IBKR traded down $4.72 during trading on Tuesday, reaching $221.47. 1,434,322 shares of the company traded hands, compared to its average volume of 1,761,952. Interactive Brokers Group, Inc. has a 52-week low of $97.75 and a 52-week high of $235.29. The firm has a market capitalization of $93.58 billion, a price-to-earnings ratio of 31.37, a P/E/G ratio of 1.62 and a beta of 0.89. The business's fifty day moving average is $193.60 and its 200-day moving average is $161.69.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced 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 net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the prior year, the company posted $1.52 EPS. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Interactive Brokers Group's dividend payout ratio is presently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.21% of the stock is currently owned by corporate insiders.

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.