ExodusPoint Capital Management LP Has $8.70 Million Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

ExodusPoint Capital Management LP grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 55.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,232 shares of the financial services provider’s stock after purchasing an additional 17,628 shares during the period. ExodusPoint Capital Management LP’s holdings in Interactive Brokers Group were worth $8,698,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IBKR. KG&L Capital Management LLC increased its stake in Interactive Brokers Group by 2.5% in the 4th quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $428,000 after buying an additional 60 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in Interactive Brokers Group by 0.3% during the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock worth $2,759,000 after acquiring an additional 69 shares in the last quarter. Versant Capital Management Inc raised its holdings in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 71 shares in the last quarter. Lebenthal Global Advisors LLC boosted its position in Interactive Brokers Group by 1.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock valued at $1,270,000 after purchasing an additional 78 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its position in shares of Interactive Brokers Group by 3.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 2,252 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IBKR shares. UBS Group upped their price objective 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 upped their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Citigroup decreased 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. Keefe, Bruyette & Woods upped 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 report on Monday, January 13th. Finally, StockNews.com cut Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $203.50.

Interactive Brokers Group Stock Down 8.4 %

Shares of NASDAQ:IBKR opened at $146.08 on Friday. The stock has a market cap of $61.73 billion, a PE ratio of 20.69, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The business has a 50 day moving average of $197.90 and a 200-day moving average of $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, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the firm posted $1.52 EPS. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.99% of the company’s stock.

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.