Polymer Capital Management HK LTD Invests $1.75 Million in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Polymer Capital Management HK LTD purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,906 shares of the financial services provider's stock, valued at approximately $1,750,000.

Other large investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd boosted its holdings in shares of Interactive Brokers Group by 39.8% during the 4th 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 last quarter. KG&L Capital Management LLC lifted its position in Interactive Brokers Group by 2.5% during the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider's stock worth $428,000 after buying an additional 60 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in Interactive Brokers Group by 0.3% during the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider's stock worth $2,759,000 after buying an additional 69 shares during the last quarter. Versant Capital Management Inc grew its holdings in 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 valued at $31,000 after buying an additional 71 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Interactive Brokers Group by 2.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider's stock worth $502,000 after acquiring an additional 73 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 Stock Up 3.8 %

NASDAQ:IBKR traded up $6.20 during trading hours on Friday, reaching $170.51. 1,260,412 shares of the stock were exchanged, compared to its average volume of 1,308,906. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53. The business has a 50-day moving average of $191.12 and a two-hundred day moving average of $180.42. The company has a market capitalization of $72.05 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.59 and a beta of 1.02.

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 (EPS) for the quarter, topping 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 analyst estimates of $1.37 billion. During the same quarter in the prior year, the company earned $1.52 EPS. Interactive Brokers Group's revenue was up 21.8% on a year-over-year basis. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's payout ratio is 14.16%.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several recent research reports. StockNews.com raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Thursday. Barclays decreased their target price on shares of Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating on the stock in a report on Monday. Citigroup cut their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped 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. Finally, UBS Group increased their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $195.88.

Insider Activity

In related news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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.