Interactive Brokers Group, Inc. (NASDAQ:IBKR) Director Jill Bright Buys 135 Shares

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The shares were bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares of the company’s stock, valued at approximately $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 link.

Interactive Brokers Group Price Performance

IBKR opened at $221.48 on Wednesday. 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 business’s 50-day moving average is $189.71 and its two-hundred day moving average is $157.88. Interactive Brokers Group, Inc. has a 1 year low of $92.61 and a 1 year high of $224.96.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company’s revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Citigroup increased their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Barclays lifted their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. UBS Group increased their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods boosted 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 report on Monday, January 13th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Hedge Funds Weigh In On Interactive Brokers Group

A number of large investors have recently made changes to their positions in IBKR. Sumitomo Mitsui Trust Group Inc. purchased a new position in Interactive Brokers Group during the 3rd quarter worth $83,630,000. Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group in the third quarter worth about $26,946,000. Allspring Global Investments Holdings LLC grew its stake in shares of Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after acquiring an additional 187,010 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Interactive Brokers Group during the third quarter valued at about $25,085,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Interactive Brokers Group by 13,967.5% during the third quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock valued at $20,781,000 after acquiring an additional 148,055 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Company 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.