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

Twin Tree Management LP increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 492.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 227,144 shares of the financial services provider’s stock after purchasing an additional 188,827 shares during the period. Twin Tree Management LP owned approximately 0.05% of Interactive Brokers Group worth $40,130,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of IBKR. JPMorgan Chase & Co. grew its position in Interactive Brokers Group by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock valued at $559,821,000 after acquiring an additional 11,379 shares during the last quarter. Cantillon Capital Management LLC grew its position in Interactive Brokers Group by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock valued at $599,917,000 after acquiring an additional 18,047 shares during the last quarter. State Street Corp grew its position in Interactive Brokers Group by 1.7% in the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after acquiring an additional 52,911 shares during the last quarter. Geode Capital Management LLC grew its position in Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after acquiring an additional 106,392 shares during the last quarter. Finally, FMR LLC grew its position in Interactive Brokers Group by 12.2% in the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock valued at $152,543,000 after acquiring an additional 119,187 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IBKR shares. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted 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 lifted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. UBS Group lifted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Barclays lifted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $168.11 on Monday. The stock’s 50 day moving average is $204.67 and its 200 day moving average is $175.42. The firm has a market cap of $71.04 billion, a P/E ratio of 23.81, a P/E/G ratio of 1.59 and a beta of 0.99. 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) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The company 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 firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 earnings per share. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm 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. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. Interactive Brokers Group’s payout ratio is currently 14.16%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the stock in a transaction on Friday, January 31st. The stock was acquired at an average cost 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 in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 2.99% of the stock is currently owned by corporate 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.