Assenagon Asset Management S.A. Purchases 175,194 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)
Assenagon Asset Management S.A. lifted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 254.3% in the fourth quarter, HoldingsChannel.com reports. The fund 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.’s holdings in Interactive Brokers Group were worth $20,236,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $25,000. Headlands Technologies LLC bought a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $40,000. Atlas Capital Advisors LLC acquired a new position in Interactive Brokers Group during the 1st quarter worth approximately $40,000. Eagle Bay Advisors LLC acquired a new position in Interactive Brokers Group during the 2nd quarter worth approximately $31,000. Finally, Belpointe Asset Management LLC increased its position in Interactive Brokers Group by 64.5% during the 1st quarter. Belpointe Asset Management LLC now owns 579 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 227 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.
Insider Buying and Selling
In related news, insider Thomas Aj Frank sold 13,189 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $86.13, for a total transaction of $1,135,968.57. Following the transaction, the insider now directly owns 630,023 shares of the company’s stock, valued at $54,263,880.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Interactive Brokers Group news, insider Thomas Aj Frank sold 13,189 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $86.13, for a total value of $1,135,968.57. Following the transaction, the insider now directly owns 630,023 shares of the company’s stock, valued at $54,263,880.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the firm’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 directly owns 234,552 shares in the company, valued at $22,585,012.08. The disclosure for this sale can be found here. Insiders have sold a total of 520,027 shares of company stock valued at $48,369,714 over the last ninety days. 3.21% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on IBKR. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. Redburn Atlantic began coverage on shares of Interactive Brokers Group in a research report on Friday, December 1st. They set a “buy” rating and a $100.00 price objective for the company. Finally, UBS Group lowered their price objective on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.38.
Check Out Our Latest Report on Interactive Brokers Group
Interactive Brokers Group Stock Performance
Shares of NASDAQ IBKR opened at $111.43 on Thursday. Interactive Brokers Group, Inc. has a 52-week low of $70.83 and a 52-week high of $112.50. The firm has a 50 day moving average price of $102.14 and a two-hundred day moving average price of $90.27. The stock has a market cap of $46.92 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 1.00 and a beta of 0.83.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company earned $1.30 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. Analysts predict that Interactive Brokers Group, Inc. will post 6.07 earnings per share for the current fiscal year.
Interactive Brokers Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date was Thursday, February 29th. Interactive Brokers Group’s dividend payout ratio is presently 7.07%.
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.
See Also
Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report).
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