Quantum Portfolio Management LLC Makes New Investment in Interactive Brokers Group, Inc. $IBKR

Quantum Portfolio Management LLC acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,757 shares of the financial services provider’s stock, valued at approximately $809,000.

Several other hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in shares of Interactive Brokers Group in the third quarter worth about $249,000. Maryland State Retirement & Pension System raised its position in shares of Interactive Brokers Group by 3.9% during the third quarter. Maryland State Retirement & Pension System now owns 21,382 shares of the financial services provider’s stock valued at $1,471,000 after buying an additional 796 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Interactive Brokers Group by 18.2% in the third quarter. Evergreen Capital Management LLC now owns 7,666 shares of the financial services provider’s stock worth $527,000 after buying an additional 1,182 shares in the last quarter. Csenge Advisory Group bought a new position in shares of Interactive Brokers Group during the third quarter worth $1,216,000. Finally, Wright Investors Service Inc. bought a new stake in Interactive Brokers Group in the 3rd quarter valued at $663,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 0.4%

Shares of IBKR opened at $73.36 on Monday. The business has a fifty day moving average of $66.38 and a 200 day moving average of $65.45. The company has a market cap of $124.43 billion, a PE ratio of 35.23, a P/E/G ratio of 2.06 and a beta of 1.24. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $75.64.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 22,000 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the transaction, the director owned 231,704 shares of the company’s stock, valued at approximately $15,670,141.52. This represents a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jill Bright purchased 400 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were acquired at an average cost of $65.95 per share, with a total value of $26,380.00. Following the completion of the purchase, the director directly owned 10,304 shares in the company, valued at $679,548.80. The trade was a 4.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 55,000 shares of company stock valued at $3,767,363 in the last 90 days. Company insiders own 2.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on IBKR. BMO Capital Markets increased their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Barclays set a $82.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Thursday, January 8th. Finally, Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $75.25.

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.