Twin Tree Management LP Purchases 188,827 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Twin Tree Management LP lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 492.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 227,144 shares of the financial services provider's stock after acquiring an additional 188,827 shares during the quarter. Twin Tree Management LP owned approximately 0.05% of Interactive Brokers Group worth $40,130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. KG&L Capital Management LLC boosted its position in Interactive Brokers Group by 2.5% during the 4th quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider's stock valued at $428,000 after acquiring an additional 60 shares in the last quarter. Townsquare Capital LLC lifted its stake in shares of Interactive Brokers Group by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider's stock valued at $760,000 after purchasing an additional 67 shares during the period. TD Private Client Wealth LLC grew its stake in Interactive Brokers Group by 0.3% in 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 purchasing an additional 69 shares during the period. Versant Capital Management Inc grew its stake in Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after purchasing an additional 71 shares during the period. Finally, Lebenthal Global Advisors LLC raised its holdings in Interactive Brokers Group by 1.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider's stock worth $1,270,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

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Insiders Place Their Bets

In related news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly owns 2,476 shares of the company's stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.99% of the company's stock.

Interactive Brokers Group Stock Performance

Shares of IBKR traded down $2.29 during mid-day trading on Thursday, hitting $175.86. 1,828,604 shares of the company traded hands, compared to its average volume of 1,162,917. The stock has a market cap of $74.31 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 1.59 and a beta of 0.99. The stock has a 50-day moving average price of $203.73 and a two-hundred day moving average price of $176.08. 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 announced 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 during 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 company'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 EPS. On average, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently announced 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 0.57%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group's dividend payout ratio is 14.16%.

Analyst Ratings Changes

IBKR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their target price on shares of 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. The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Citigroup raised their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a report on Friday, January 10th. Barclays lifted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Finally, Piper Sandler reissued an "overweight" rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average target price 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.