Picton Mahoney Asset Management Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Picton Mahoney Asset Management acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,022 shares of the financial services provider's stock, valued at approximately $534,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in Interactive Brokers Group during the 4th quarter worth $25,000. SRH Advisors LLC acquired a new position in Interactive Brokers Group during the 4th quarter worth $28,000. Versant Capital Management Inc lifted its position in Interactive Brokers Group by 66.4% during 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 during 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 worth $33,000 after acquiring an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC acquired a new position in Interactive Brokers Group during the 4th quarter worth $33,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Trading Down 1.3 %

NASDAQ IBKR traded down $2.29 on Thursday, reaching $175.86. The company's stock had a trading volume of 1,813,155 shares, compared to its average volume of 1,162,915. The firm has a market cap of $74.31 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The business has a 50-day moving average price of $203.73 and a 200 day moving average price of $176.08. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53.

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Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.57%. Interactive Brokers Group's dividend payout ratio is 14.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on IBKR shares. StockNews.com lowered shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a research report on Monday. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Barclays upped their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. UBS Group upped their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $204.13.

Insiders Place Their Bets

In other news, Director Jill Bright acquired 135 shares of the firm's stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.99% of the company's stock.

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.