Picton Mahoney Asset Management Invests $534,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Picton Mahoney Asset Management bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,022 shares of the financial services provider’s stock, valued at approximately $534,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group in the fourth quarter valued at about $25,000. SRH Advisors LLC bought a new stake in Interactive Brokers Group in the fourth quarter valued at about $28,000. Versant Capital Management Inc increased its holdings 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 valued at $31,000 after buying an additional 71 shares during the last quarter. Blue Trust Inc. increased its holdings in Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after buying an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new stake in Interactive Brokers Group in the fourth quarter valued at about $33,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IBKR. Piper Sandler reissued an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Citigroup boosted their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. UBS Group upped their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group upped their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods upped their target price 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Trading Up 4.4 %

Shares of NASDAQ IBKR opened at $168.11 on Monday. The stock has a 50 day simple moving average of $204.67 and a 200-day simple moving average of $175.42. The company has a market cap of $71.04 billion, a PE ratio of 23.81, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data 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. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given 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 dividend payout ratio (DPR) is 14.16%.

Insiders Place Their Bets

In other news, Director Jill Bright bought 135 shares of the business’s stock in a transaction on 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 completion of the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.99% of the stock is currently owned by insiders.

Interactive Brokers Group Profile

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.