Lecap Asset Management Ltd. Makes New $711,000 Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Lecap Asset Management Ltd. bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,025 shares of the financial services provider’s stock, valued at approximately $711,000.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in Interactive Brokers Group in the second quarter valued at approximately $250,000. Creative Planning increased its holdings in shares of Interactive Brokers Group by 12.2% in the 2nd quarter. Creative Planning now owns 7,768 shares of the financial services provider’s stock valued at $952,000 after acquiring an additional 845 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Interactive Brokers Group by 37.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,532 shares of the financial services provider’s stock valued at $188,000 after acquiring an additional 420 shares during the period. Park Avenue Securities LLC purchased a new stake in Interactive Brokers Group in the 3rd quarter valued at $205,000. Finally, GAMMA Investing LLC boosted its stake in Interactive Brokers Group by 60.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,433 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 540 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $231.14 on Friday. The stock’s 50 day moving average price is $192.09 and its 200 day moving average price is $159.65. Interactive Brokers Group, Inc. has a 1-year low of $94.45 and a 1-year high of $235.29. The company has a market cap of $97.66 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 1.54 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 EPS. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Analysts Set New Price Targets

IBKR has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Citigroup upped their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Barclays upped their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group lifted their price objective 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Activity

In other news, Director Jill Bright acquired 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.21% of the company’s stock.

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.