AXQ Capital LP Has $1.45 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

AXQ Capital LP grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 198.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,190 shares of the financial services provider’s stock after purchasing an additional 5,444 shares during the quarter. Interactive Brokers Group makes up approximately 0.7% of AXQ Capital LP’s holdings, making the stock its 20th biggest holding. AXQ Capital LP’s holdings in Interactive Brokers Group were worth $1,447,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Donoghue Forlines LLC acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $2,088,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $3,750,000. Friedenthal Financial bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $775,000. New Millennium Group LLC purchased a new position in Interactive Brokers Group in the fourth quarter valued at approximately $2,319,000. Finally, Caldwell Investment Management Ltd. purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth $1,215,000. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Down 1.4 %

Shares of Interactive Brokers Group stock opened at $173.36 on Friday. The stock’s fifty day moving average is $203.19 and its 200-day moving average is $176.39. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The firm has a market capitalization of $73.26 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last posted 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 firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. Analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. StockNews.com cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Monday, March 17th. Barclays lifted their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Citigroup upped their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods raised their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group 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.