Assenagon Asset Management S.A. Boosts Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Assenagon Asset Management S.A. grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 97.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,568 shares of the financial services provider’s stock after buying an additional 106,618 shares during the period. Assenagon Asset Management S.A.’s holdings in Interactive Brokers Group were worth $38,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in IBKR. Millennium Management LLC raised its position in shares of Interactive Brokers Group by 1,292.1% during the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after buying an additional 1,004,289 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in Interactive Brokers Group in the third quarter valued at about $83,630,000. Marshall Wace LLP increased its position in shares of Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after purchasing an additional 481,826 shares in the last quarter. Waverton Investment Management Ltd acquired a new position in shares of Interactive Brokers Group during the third quarter valued at about $26,946,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Interactive Brokers Group by 262.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after acquiring an additional 187,010 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the subject of several analyst reports. UBS Group boosted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. The Goldman Sachs Group lifted their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods upped their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Piper Sandler boosted their target price on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus target price of $190.13.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $188.16 on Friday. The company’s 50-day simple moving average is $182.76 and its 200-day simple moving average is $149.47. The stock has a market capitalization of $79.50 billion, a PE ratio of 28.73, a P/E/G ratio of 1.35 and a beta of 0.87. Interactive Brokers Group, Inc. has a 1 year low of $83.86 and a 1 year high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter in the previous year, the company posted $1.55 earnings per share. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current year.

Interactive Brokers Group Company 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.