Cinctive Capital Management LP Raises Stake in Interactive Brokers Group, Inc. $IBKR

Cinctive Capital Management LP increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2,350.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 147,894 shares of the financial services provider’s stock after purchasing 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 SEC.

Several other hedge funds have also recently bought and sold shares of IBKR. Ballentine Partners LLC increased its position in shares of Interactive Brokers Group by 1.0% in the third quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock worth $1,059,000 after acquiring an additional 145 shares in the last quarter. Caitlin John LLC lifted its holdings in shares of Interactive Brokers Group by 0.6% during the 3rd quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock valued at $1,734,000 after acquiring an additional 153 shares in the last quarter. Petra Financial Advisors Inc. lifted its holdings in shares of Interactive Brokers Group by 1.7% during the 3rd quarter. Petra Financial Advisors Inc. now owns 10,221 shares of the financial services provider’s stock valued at $703,000 after acquiring an additional 167 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in Interactive Brokers Group by 18.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,180 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 180 shares during the period. Finally, Pullen Investment Management LLC boosted its position in Interactive Brokers Group by 1.0% during the 3rd quarter. Pullen Investment Management LLC now owns 19,748 shares of the financial services provider’s stock worth $1,359,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 1.1%

NASDAQ:IBKR opened at $66.19 on Friday. The company has a market cap of $112.27 billion, a PE ratio of 29.88, a P/E/G ratio of 1.85 and a beta of 1.23. The business’s 50 day moving average is $72.65 and its two-hundred day moving average is $68.34. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $79.18.

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

Interactive Brokers Group Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, February 27th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s payout ratio is presently 14.48%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold a total of 400,000 shares of company stock worth $30,725,122 in the last three months. 2.97% of the stock is owned by insiders.

Analysts Set New Price Targets

IBKR has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. BMO Capital Markets upped their target price 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 note on Wednesday, January 21st. Finally, Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $76.39.

Interactive Brokers Group Profile

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.