QRG Capital Management Inc. Has $998,000 Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

QRG Capital Management Inc. raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,649 shares of the financial services provider’s stock after purchasing an additional 152 shares during the period. QRG Capital Management Inc.’s holdings in Interactive Brokers Group were worth $998,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group during the fourth quarter worth about $25,000. SRH Advisors LLC acquired a new stake in Interactive Brokers Group during the 4th quarter valued at approximately $28,000. Versant Capital Management Inc increased its position in Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares during the period. Blue Trust Inc. raised its holdings in Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 88 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in shares of Interactive Brokers Group by 100.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 100 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on IBKR shares. UBS Group increased their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Piper Sandler reiterated an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Citigroup raised their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods lifted their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $201.53 on Tuesday. The business has a 50-day simple moving average of $204.81 and a 200 day simple moving average of $171.90. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53. The firm has a market capitalization of $85.15 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 1.59 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating 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 quarter in the previous year, the company posted $1.52 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.50%. Interactive Brokers Group’s payout ratio is 14.16%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.21% 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.