Quadrature Capital Ltd Takes $367,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Quadrature Capital Ltd bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,432 shares of the financial services provider’s stock, valued at approximately $367,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at $25,000. Rakuten Securities Inc. acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at $34,000. Principal Securities Inc. acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at $40,000. Asset Management One Co. Ltd. increased its stake in shares of Interactive Brokers Group by 22.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock valued at $62,000 after buying an additional 135 shares in the last quarter. Finally, CVA Family Office LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at $75,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 0.7 %

Shares of IBKR opened at $121.06 on Tuesday. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $129.19. The stock has a market cap of $50.98 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.20 and a beta of 0.82. The stock’s 50-day moving average price is $120.80 and its two-hundred day moving average price is $106.02.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 6.59 EPS for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, May 31st. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s payout ratio is 17.09%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup lifted their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Barclays lifted their price objective on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Piper Sandler lifted their price objective on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Bank of America lifted their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group lifted their price objective on Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

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.