QRG Capital Management Inc. Grows Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

QRG Capital Management Inc. raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,649 shares of the financial services provider’s stock after acquiring an additional 152 shares during the period. QRG Capital Management Inc.’s holdings in Interactive Brokers Group were worth $998,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of IBKR. Proficio Capital Partners LLC bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $7,288,000. NewEdge Wealth LLC increased its stake in Interactive Brokers Group by 4.1% in the 4th quarter. NewEdge Wealth LLC now owns 39,367 shares of the financial services provider’s stock valued at $6,955,000 after buying an additional 1,563 shares during the last quarter. Blackhawk Capital Partners LLC. lifted its position in shares of Interactive Brokers Group by 35.7% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 9,603 shares of the financial services provider’s stock worth $1,697,000 after buying an additional 2,528 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of Interactive Brokers Group by 2.4% in the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 54,828 shares of the financial services provider’s stock worth $9,686,000 after buying an additional 1,283 shares during the last quarter. Finally, Waverton Investment Management Ltd grew its holdings in shares of Interactive Brokers Group by 4.0% in the fourth quarter. Waverton Investment Management Ltd now owns 201,125 shares of the financial services provider’s stock valued at $35,521,000 after acquiring an additional 7,776 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jill Bright bought 135 shares of the business’s stock in a transaction on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IBKR has been the topic of a number of recent analyst reports. Citigroup lifted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. UBS Group lifted 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. Barclays increased their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group raised their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods boosted 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. 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 stock currently has an average rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $201.53 on Tuesday. The stock has a market capitalization of $85.15 billion, a P/E ratio of 28.55, a P/E/G ratio of 1.59 and a beta of 0.89. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The stock’s 50-day simple moving average is $204.81 and its 200 day simple moving average is $171.90.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. Interactive Brokers Group’s revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 EPS. Equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s payout ratio is currently 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.