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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Director Jill Bright purchased 135 shares of the stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Interactive Brokers Group Price Performance

IBKR opened at $221.48 on Wednesday. The firm has a fifty day moving average price of $189.71 and a 200 day moving average price of $157.88. Interactive Brokers Group, Inc. has a 1 year low of $92.61 and a 1 year high of $224.96. The stock has a market cap of $93.58 billion, a P/E ratio of 31.37, a P/E/G ratio of 1.54 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share 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 during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The company’s revenue was up 21.8% compared to the same quarter last year. Equities analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 0.45%. Interactive Brokers Group’s payout ratio is 14.16%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IBKR shares. Barclays raised their price objective 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. UBS Group raised their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Citigroup increased their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Piper Sandler restated an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $204.13.

Institutional Trading of Interactive Brokers Group

Several institutional investors have recently bought and sold shares of IBKR. Donoghue Forlines LLC purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at approximately $2,088,000. Aurora Investment Counsel acquired a new position in Interactive Brokers Group during the third quarter worth $1,693,000. Union Bancaire Privee UBP SA purchased a new position in Interactive Brokers Group during the fourth quarter valued at $3,750,000. Friedenthal Financial acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $775,000. Finally, New Millennium Group LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $2,319,000. 23.80% of the stock is owned by institutional investors and hedge funds.

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.