By otakuyassine3@gmail.com 
Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Free Report) Director Jill Bright bought 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Interactive Brokers Group Stock Performance
Shares of IBKR stock traded down $2.00 during trading hours on Tuesday, hitting $221.48. 1,671,301 shares of the company were exchanged, compared to its average volume of 1,719,150. The stock has a market capitalization of $93.58 billion, a price-to-earnings ratio of 31.37, a P/E/G ratio of 1.54 and a beta of 0.89. Interactive Brokers Group, Inc. has a one year low of $92.61 and a one year high of $224.96. The business’s 50-day simple moving average is $189.14 and its two-hundred day simple moving average is $157.17.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $1.52 EPS. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.
Interactive Brokers Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is 14.16%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on IBKR. The Goldman Sachs Group upped their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Barclays upped their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research 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 company a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods raised their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. Finally, Piper Sandler reiterated an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $204.13.
Check Out Our Latest Analysis on IBKR
Institutional Trading of Interactive Brokers Group
A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Interactive Brokers Group by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock valued at $559,821,000 after buying an additional 11,379 shares during the period. State Street Corp lifted its position in shares of Interactive Brokers Group by 1.7% during the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after acquiring an additional 52,911 shares during the period. Geode Capital Management LLC increased its stake in Interactive Brokers Group by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after purchasing an additional 106,392 shares in the last quarter. FMR LLC increased its stake in Interactive Brokers Group by 12.2% during the 3rd quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock valued at $152,543,000 after purchasing an additional 119,187 shares in the last quarter. Finally, Bamco Inc. NY grew its stake in shares of Interactive Brokers Group by 16.3% in the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock worth $127,181,000 after acquiring an additional 127,640 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.
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.
Further Reading
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