Bryce Point Capital LLC Buys Shares of 2,750 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Bryce Point Capital LLC purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, HoldingsChannel reports. The firm purchased 2,750 shares of the financial services provider’s stock, valued at approximately $486,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC raised its stake in Interactive Brokers Group by 60.2% during the third quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider’s stock worth $425,000 after buying an additional 1,146 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in Interactive Brokers Group by 487.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,931 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 2,432 shares during the period. HighTower Advisors LLC raised its position in shares of Interactive Brokers Group by 67.4% in the 3rd quarter. HighTower Advisors LLC now owns 72,636 shares of the financial services provider’s stock worth $10,133,000 after acquiring an additional 29,257 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Interactive Brokers Group by 82.3% in the 3rd quarter. Quantinno Capital Management LP now owns 3,167 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 1,430 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at about $1,483,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Buying and Selling

In related news, Director Jill Bright bought 135 shares of the company’s stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.99% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group boosted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. StockNews.com lowered shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Citigroup reduced their target price on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $203.50.

Interactive Brokers Group Price Performance

IBKR opened at $146.08 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The firm has a market capitalization of $61.73 billion, a PE ratio of 20.69, a P/E/G ratio of 1.59 and a beta of 0.99. The company’s 50-day moving average is $197.90 and its 200 day moving average is $179.41.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given 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%.

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.