Interactive Brokers Group, Inc. $IBKR Shares Bought by Cinctive Capital Management LP

Cinctive Capital Management LP grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2,350.2% in the 3rd quarter, Holdings Channel reports. The firm owned 147,894 shares of the financial services provider’s stock after acquiring an additional 141,858 shares during the quarter. Cinctive Capital Management LP’s holdings in Interactive Brokers Group were worth $10,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. National Pension Service lifted its position in Interactive Brokers Group by 2.2% in the 3rd quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock valued at $48,692,000 after purchasing an additional 15,339 shares during the last quarter. Jones Financial Companies Lllp grew its position in Interactive Brokers Group by 36.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock worth $1,777,000 after purchasing an additional 7,234 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of Interactive Brokers Group by 15.0% in the third quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock valued at $8,285,000 after purchasing an additional 15,684 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Interactive Brokers Group by 1,221.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock valued at $5,073,000 after purchasing an additional 68,148 shares during the period. Finally, Convergence Investment Partners LLC bought a new stake in shares of Interactive Brokers Group during the third quarter valued at approximately $2,468,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Down 1.1%

Shares of NASDAQ:IBKR opened at $66.19 on Friday. The company has a 50 day moving average of $72.65 and a 200-day moving average of $68.34. The firm has a market cap of $112.27 billion, a P/E ratio of 29.88, a P/E/G ratio of 1.85 and a beta of 1.23. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.48%.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the business’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total value of $11,288,250.00. Following the sale, the insider owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. The trade was a 48.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 400,000 shares of company stock worth $30,725,122. 2.97% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IBKR. BMO Capital Markets boosted their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Barclays set a $83.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.39.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.