Xponance Inc. Grows Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Xponance Inc. increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 43.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,225 shares of the financial services provider’s stock after buying an additional 5,494 shares during the quarter. Xponance Inc.’s holdings in Interactive Brokers Group were worth $3,018,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IBKR. Wellington Management Group LLP grew its holdings in shares of 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 buying an additional 1,476,135 shares during the last quarter. Norges Bank acquired a new stake in Interactive Brokers Group in the fourth quarter valued at about $229,316,000. Bank of America Corp DE lifted its position in Interactive Brokers Group by 91.4% in the fourth quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider’s stock valued at $413,226,000 after purchasing an additional 1,117,186 shares during the period. GAMMA Investing LLC lifted its position in Interactive Brokers Group by 22,211.1% in the first quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider’s stock valued at $701,950,000 after purchasing an additional 422,010 shares during the period. Finally, Fullerton Fund Management Co Ltd. acquired a new stake in Interactive Brokers Group in the fourth quarter valued at about $69,057,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 0.1%

IBKR stock opened at $59.63 on Wednesday. The firm has a 50 day moving average of $52.93 and a 200-day moving average of $49.05. Interactive Brokers Group, Inc. has a 12-month low of $25.92 and a 12-month high of $60.35. The company has a market cap of $100.80 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.75 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Citigroup raised their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Barclays restated an “overweight” rating and issued a $65.00 price objective on shares of Interactive Brokers Group in a research report on Thursday, July 10th. Wall Street Zen upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Bank of America reduced their price objective on shares of Interactive Brokers Group from $66.25 to $60.75 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Finally, Piper Sandler raised their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.38.

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.