Insider Buying: Interactive Brokers Group, Inc. (NASDAQ:IBKR) Director Buys 135 Shares of Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Director Jill Bright bought 135 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Interactive Brokers Group Stock Performance

Shares of IBKR stock traded down $2.00 during mid-day trading on Tuesday, reaching $221.48. 1,671,301 shares of the company’s stock traded hands, compared to its average volume of 1,719,150. The firm has a market capitalization of $93.58 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 1.54 and a beta of 0.89. The firm has a 50 day moving average price of $189.14 and a two-hundred day moving average price of $157.17. Interactive Brokers Group, Inc. has a 12 month low of $92.61 and a 12 month high of $224.96.

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 analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm earned $1.52 EPS. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Hedge Funds Weigh In On Interactive Brokers Group

Large investors have recently made changes to their positions in the stock. Donoghue Forlines LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $2,088,000. Aurora Investment Counsel acquired a new position in Interactive Brokers Group during the third quarter valued at approximately $1,693,000. Union Bancaire Privee UBP SA acquired a new position in shares of Interactive Brokers Group during the fourth quarter worth $3,750,000. Friedenthal Financial acquired a new stake in Interactive Brokers Group in the fourth quarter valued at $775,000. Finally, New Millennium Group LLC acquired a new stake in Interactive Brokers Group in the fourth quarter valued at $2,319,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several research analyst reports. UBS Group increased their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Piper Sandler reissued an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Citigroup raised their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group raised their price target 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

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.