Assenagon Asset Management S.A. Has $38.08 Million Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Assenagon Asset Management S.A. lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 97.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 215,568 shares of the financial services provider’s stock after buying an additional 106,618 shares during the quarter. Assenagon Asset Management S.A. owned about 0.05% of Interactive Brokers Group worth $38,084,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IBKR. Versant Capital Management Inc grew its stake in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 71 shares during the period. UMB Bank n.a. lifted its holdings in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 224 shares in the last quarter. Smithfield Trust Co lifted its position in shares of Interactive Brokers Group by 80.6% in the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 154 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in Interactive Brokers Group during the third quarter worth about $49,000. Finally, Fortitude Family Office LLC raised its holdings in shares of Interactive Brokers Group by 105.7% in the 4th quarter. Fortitude Family Office LLC now owns 288 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 148 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IBKR. Citigroup lifted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. UBS Group raised their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods raised their price target 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. Barclays increased their target price on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.13.

Interactive Brokers Group Price Performance

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

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $2.45 billion during 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 period in the prior year, the business posted $1.55 earnings per share. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current fiscal year.

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.