Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Holdings Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 254.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 244,099 shares of the financial services provider’s stock after buying an additional 175,194 shares during the period. Assenagon Asset Management S.A. owned approximately 0.06% of Interactive Brokers Group worth $20,236,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Interactive Brokers Group by 33.5% during the 1st quarter. JPMorgan Chase & Co. now owns 160,658 shares of the financial services provider’s stock worth $10,589,000 after purchasing an additional 40,304 shares in the last quarter. American Century Companies Inc. grew its position in Interactive Brokers Group by 213.5% during the 1st quarter. American Century Companies Inc. now owns 13,796 shares of the financial services provider’s stock worth $909,000 after purchasing an additional 9,395 shares in the last quarter. HighTower Advisors LLC grew its position in Interactive Brokers Group by 10.7% during the 1st quarter. HighTower Advisors LLC now owns 3,966 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 384 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Interactive Brokers Group by 14.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,199 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 532 shares in the last quarter. Finally, Natixis Advisors L.P. purchased a new position in Interactive Brokers Group during the 1st quarter worth approximately $699,000. Institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Redburn Atlantic assumed coverage on shares of Interactive Brokers Group in a report on Friday, December 1st. They set a “buy” rating and a $100.00 price target on the stock. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. Finally, UBS Group lowered their price target on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.38.

Interactive Brokers Group Trading Up 1.1 %

IBKR stock opened at $111.43 on Thursday. Interactive Brokers Group, Inc. has a 1 year low of $70.83 and a 1 year high of $112.50. The company has a fifty day simple moving average of $102.14 and a 200 day simple moving average of $90.27. The firm has a market cap of $46.92 billion, a PE ratio of 19.69, a PEG ratio of 1.00 and a beta of 0.83.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 6.07 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Thursday, February 29th. Interactive Brokers Group’s payout ratio is presently 7.07%.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the completion of the transaction, the insider now owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Vice Chairman Earl H. Nemser sold 25,782 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the completion of the transaction, the insider now owns 208,770 shares of the company’s stock, valued at $19,981,376.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the transaction, the insider now directly owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 520,027 shares of company stock valued at $48,369,714. Insiders own 3.21% of the company’s stock.

Interactive Brokers Group 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.