Quantbot Technologies LP Takes Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Quantbot Technologies LP purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,104 shares of the financial services provider's stock, valued at approximately $2,668,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. bought a new stake in Interactive Brokers Group during the 3rd quarter worth $229,000. Pathstone Holdings LLC boosted its stake in shares of Interactive Brokers Group by 7.0% during the third quarter. Pathstone Holdings LLC now owns 12,348 shares of the financial services provider's stock valued at $1,721,000 after purchasing an additional 811 shares in the last quarter. Caprock Group LLC grew its holdings in shares of Interactive Brokers Group by 6.7% during the third quarter. Caprock Group LLC now owns 2,014 shares of the financial services provider's stock worth $281,000 after purchasing an additional 127 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Interactive Brokers Group by 443.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,018 shares of the financial services provider's stock valued at $6,413,000 after buying an additional 37,549 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in Interactive Brokers Group by 34.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,744 shares of the financial services provider's stock valued at $522,000 after buying an additional 957 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

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Insider Buying and Selling at Interactive Brokers Group

In other news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The stock was purchased at an average price 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 approximately $543,506.76. The trade was a 5.77 % increase in their position. The purchase 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.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR traded down $4.94 during midday trading on Thursday, reaching $169.00. The company's stock had a trading volume of 3,303,418 shares, compared to its average volume of 1,197,794. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The firm has a 50 day moving average price of $202.82 and a two-hundred day moving average price of $177.84. The firm has a market capitalization of $71.42 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating 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 return on equity of 5.00% and a net margin of 9.25%. The company's revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.52 earnings per share. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Citigroup boosted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, January 10th. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. UBS Group raised their target price 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. StockNews.com upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods raised their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of "Moderate Buy" and an average price target of $204.13.

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.