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

ExodusPoint Capital Management LP increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 55.8% during the 4th quarter, HoldingsChannel.com reports. 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 reporting period.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Interactive Brokers Group by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock worth $559,821,000 after purchasing an additional 11,379 shares during the last quarter. Cantillon Capital Management LLC lifted its position in shares of Interactive Brokers Group by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock worth $599,917,000 after buying an additional 18,047 shares during the last quarter. State Street Corp boosted its stake in Interactive Brokers Group by 1.7% in the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after buying an additional 52,911 shares in the last quarter. Geode Capital Management LLC grew its position in Interactive Brokers Group by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider’s stock valued at $399,205,000 after acquiring an additional 193,497 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Interactive Brokers Group by 8,249.3% during the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider’s stock worth $263,950,000 after acquiring an additional 1,476,135 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on IBKR shares. Piper Sandler restated an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Citigroup cut their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday. StockNews.com cut Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday. Barclays lifted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, UBS Group upped their price objective 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.50.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $146.08 on Friday. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53. The business’s 50 day simple moving average is $197.90 and its 200 day simple moving average is $179.41. The stock has a market capitalization of $61.73 billion, a PE ratio of 20.69, a PEG ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last posted 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 net margin of 9.25% and a return on equity of 5.00%. The company 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 quarterly revenue was up 21.8% on a year-over-year basis. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the stock in a transaction on Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 2.99% of the stock is owned by company insiders.

Interactive Brokers Group Company 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.