Aigen Investment Management LP Invests $656,000 in Interactive Brokers Group, Inc. $IBKR

Aigen Investment Management LP bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 10,206 shares of the financial services provider’s stock, valued at approximately $656,000.

Several other institutional investors also recently modified their holdings of IBKR. Citigroup Inc. lifted its position in Interactive Brokers Group by 61.8% in the 3rd quarter. Citigroup Inc. now owns 2,432,598 shares of the financial services provider’s stock valued at $167,387,000 after acquiring an additional 928,978 shares in the last quarter. Crocodile Capital Partners GmbH acquired a new position in Interactive Brokers Group during the 4th quarter worth approximately $12,041,000. New Millennium Group LLC boosted its position in Interactive Brokers Group by 3,128.5% during the 3rd quarter. New Millennium Group LLC now owns 88,462 shares of the financial services provider’s stock worth $6,087,000 after acquiring an additional 85,722 shares during the last quarter. OFI Invest Asset Management acquired a new position in Interactive Brokers Group during the 4th quarter worth approximately $22,356,000. Finally, Fifth Third Bancorp boosted its position in Interactive Brokers Group by 12.9% during the 3rd quarter. Fifth Third Bancorp now owns 163,007 shares of the financial services provider’s stock worth $11,217,000 after acquiring an additional 18,574 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Piper Sandler upped their price target on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Barclays increased their price objective on Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Jefferies Financial Group cut their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a report on Monday, April 6th. Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective for the company. Finally, Wolfe Research assumed coverage on Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $85.22.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $90.81 on Monday. Interactive Brokers Group, Inc. has a 52 week low of $49.30 and a 52 week high of $93.10. The stock has a market capitalization of $154.05 billion, a P/E ratio of 39.14, a PEG ratio of 2.51 and a beta of 1.32. The stock’s fifty day moving average is $81.21 and its 200 day moving average is $73.54.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the business earned $1.94 earnings per share. Interactive Brokers Group’s revenue was up 17.0% on a year-over-year basis. Equities research analysts forecast that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.09%.

Interactive Brokers Group Company 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.