Rockefeller Capital Management L.P. Has $1.17 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Rockefeller Capital Management L.P. grew its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 111.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,206 shares of the financial services provider’s stock after acquiring an additional 9,597 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Interactive Brokers Group were worth $1,171,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC grew its position in Interactive Brokers Group by 24.7% in the first quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock valued at $2,269,000 after purchasing an additional 2,713 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Interactive Brokers Group by 307.9% during the 2nd quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock worth $803,000 after buying an additional 10,943 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth about $318,000. Daiwa Securities Group Inc. grew its holdings in shares of Interactive Brokers Group by 291.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock valued at $1,973,000 after acquiring an additional 26,500 shares in the last quarter. Finally, AXA S.A. grew its holdings in shares of Interactive Brokers Group by 128.1% in the 2nd quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock valued at $710,000 after acquiring an additional 7,197 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wolfe Research started coverage on Interactive Brokers Group in a report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price on the stock. BMO Capital Markets boosted their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective on the stock. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a report on Friday, May 1st. Finally, Piper Sandler raised their target price on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.22.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This trade represents a 13.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $93.25 on Thursday. Interactive Brokers Group, Inc. has a 52 week low of $56.33 and a 52 week high of $97.84. The stock has a market capitalization of $158.18 billion, a P/E ratio of 40.19, a PEG ratio of 2.41 and a beta of 1.33. The stock has a 50-day simple moving average of $86.14 and a 200 day simple moving average of $76.10.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the company earned $1.94 earnings per share. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. 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 firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were paid a $0.0875 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 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.