Bryce Point Capital LLC Invests $486,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Bryce Point Capital LLC bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,750 shares of the financial services provider’s stock, valued at approximately $486,000.

Several other hedge funds have also added to or reduced their stakes in IBKR. Cerity Partners LLC boosted its position in shares of Interactive Brokers Group by 60.2% in the third quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 1,146 shares during the period. Benjamin Edwards Inc. boosted its holdings in Interactive Brokers Group by 487.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 2,931 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 2,432 shares during the period. HighTower Advisors LLC grew its position in shares of Interactive Brokers Group by 67.4% during the 3rd quarter. HighTower Advisors LLC now owns 72,636 shares of the financial services provider’s stock worth $10,133,000 after purchasing an additional 29,257 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Interactive Brokers Group by 82.3% during the third quarter. Quantinno Capital Management LP now owns 3,167 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 1,430 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $1,483,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IBKR. UBS Group increased their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods raised their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Citigroup cut their price objective on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday. StockNews.com lowered shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $203.50.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.99% of the company’s stock.

Interactive Brokers Group Price Performance

IBKR stock opened at $146.08 on Friday. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The stock has a market cap of $61.73 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 1.59 and a beta of 0.99. The company has a 50 day simple moving average of $197.90 and a 200 day simple moving average of $179.41.

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 during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. 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 earned $1.52 EPS. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s payout ratio is 14.16%.

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.