Fisher Asset Management LLC bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,408 shares of the financial services provider's stock, valued at approximately $249,000.
Other large investors have also recently bought and sold shares of the company. Donoghue Forlines LLC acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $2,088,000. Aurora Investment Counsel acquired a new stake in Interactive Brokers Group during the 3rd quarter valued at $1,693,000. Union Bancaire Privee UBP SA acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $3,750,000. Friedenthal Financial acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $775,000. Finally, New Millennium Group LLC acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $2,319,000. Institutional investors and hedge funds own 23.80% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on IBKR. Barclays increased their target price 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 price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Piper Sandler reissued an "overweight" rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. The Goldman Sachs Group increased their price target 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. Finally, Keefe, Bruyette & Woods increased their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $204.13.
Get Our Latest Analysis on IBKR
Insiders Place Their Bets
In related news, Director Jill Bright acquired 135 shares of Interactive Brokers Group 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 purchase, the director now directly 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 document filed with the SEC, which can be accessed through the SEC website. 3.21% of the stock is currently owned by insiders.
Interactive Brokers Group Stock Performance
Shares of IBKR traded up $2.47 during trading hours on Friday, hitting $192.17. The stock had a trading volume of 3,297,235 shares, compared to its average volume of 2,023,756. The firm has a market cap of $81.20 billion, a P/E ratio of 27.22, a P/E/G ratio of 1.59 and a beta of 0.99. The company's fifty day simple moving average is $205.88 and its 200 day simple moving average is $173.57. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company posted $1.52 EPS. The business's quarterly revenue was up 21.8% on a year-over-year basis. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share 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. Shareholders of record on Friday, February 28th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group's dividend payout ratio is presently 14.16%.
Interactive Brokers Group Company Profile
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Free Report)
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.
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