Pilgrim Partners Asia Pte Ltd Purchases New Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Pilgrim Partners Asia Pte Ltd bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 24,500 shares of the financial services provider’s stock, valued at approximately $4,328,000. Interactive Brokers Group accounts for approximately 3.8% of Pilgrim Partners Asia Pte Ltd’s investment portfolio, making the stock its 8th largest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IBKR. KG&L Capital Management LLC grew its holdings in Interactive Brokers Group by 2.5% during the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 60 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of 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 valued at $2,759,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Interactive Brokers Group by 66.4% during the 4th 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 in the last quarter. Lebenthal Global Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 1.1% in the 4th 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 during the period. Finally, Koshinski Asset Management Inc. increased its position in Interactive Brokers Group by 3.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 2,252 shares of the financial services provider’s stock valued at $398,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. StockNews.com downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Piper Sandler restated an “overweight” rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. 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, 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 investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $203.50.

Insider Activity

In other news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was acquired 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 directly owns 2,476 shares of the company’s stock, valued at $543,506.76. This represents a 5.77 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.99% of the company’s stock.

Interactive Brokers Group Trading Down 8.4 %

IBKR stock opened at $146.08 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The company has a market cap of $61.73 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.59 and a beta of 0.99. The firm has a 50 day moving average of $197.90 and a 200-day moving average of $179.41.

Interactive Brokers Group (NASDAQ:IBKR) last released 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 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 for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 EPS. 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 firm also recently disclosed 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 0.68%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

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.