Trexquant Investment LP Acquires 72,159 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Trexquant Investment LP lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 618.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,824 shares of the financial services provider's stock after buying an additional 72,159 shares during the quarter. Trexquant Investment LP's holdings in Interactive Brokers Group were worth $14,809,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in Interactive Brokers Group by 8,249.3% in the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock valued at $263,950,000 after buying an additional 1,476,135 shares during the period. Norges Bank acquired a new position in Interactive Brokers Group in the fourth quarter valued at about $229,316,000. Raymond James Financial Inc. bought a new position in Interactive Brokers Group in the fourth quarter valued at approximately $120,046,000. Geode Capital Management LLC boosted its stake in Interactive Brokers Group by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider's stock worth $399,205,000 after purchasing an additional 193,497 shares during the period. Finally, Twin Tree Management LP grew its holdings in shares of Interactive Brokers Group by 492.8% during the fourth quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider's stock worth $40,130,000 after buying an additional 188,827 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

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Interactive Brokers Group Trading Down 8.4 %

Shares of NASDAQ IBKR traded down $13.40 during midday trading on Friday, hitting $146.08. The company's stock had a trading volume of 2,976,311 shares, compared to its average volume of 1,258,463. The firm has a market capitalization of $61.73 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 1.59 and a beta of 1.02. The stock has a fifty day moving average price of $197.90 and a 200 day moving average price of $179.74. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53.

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. The company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 earnings per share. On average, equities research analysts predict 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 declared 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 was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.68%. Interactive Brokers Group's payout ratio is 14.16%.

Analyst Ratings Changes

A number of equities analysts have commented on IBKR shares. StockNews.com cut shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a research report on Wednesday. UBS Group increased their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods boosted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research note on Monday, January 13th. Citigroup lowered their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Piper Sandler restated an "overweight" rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $203.50.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the company's stock in a transaction dated 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 acquisition, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 2.99% of the stock is currently owned by insiders.

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.