Pilgrim Partners Asia Pte Ltd Takes $4.33 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,500 shares of the financial services provider's stock, valued at approximately $4,328,000. Interactive Brokers Group accounts for about 3.8% of Pilgrim Partners Asia Pte Ltd's investment portfolio, making the stock its 8th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at $25,000. SRH Advisors LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth about $28,000. Versant Capital Management Inc grew its holdings in shares of 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 valued at $31,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. boosted its holdings 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, Rialto Wealth Management LLC purchased a new position in shares of Interactive Brokers Group in the fourth quarter valued at about $33,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on IBKR. StockNews.com upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Thursday. Keefe, Bruyette & Woods lifted their target price 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. Citigroup decreased their target price 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. UBS Group boosted their target price 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, Piper Sandler reduced their target price on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a report on Tuesday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $195.88.

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Insider Activity

In other news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.99% of the company's stock.

Interactive Brokers Group Stock Down 3.9 %

Shares of Interactive Brokers Group stock traded down $6.69 during trading hours on Thursday, reaching $164.03. 1,936,772 shares of the company's stock were exchanged, compared to its average volume of 1,302,201. The business has a fifty day moving average of $192.31 and a two-hundred day moving average of $180.22. The company has a market capitalization of $69.32 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 EPS. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given 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 dividend yield of 0.61%. Interactive Brokers Group's payout ratio is currently 14.16%.

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.