1,477 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Bought by Independent Advisor Alliance

Independent Advisor Alliance purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,477 shares of the financial services provider's stock, valued at approximately $261,000.

Other hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at approximately $25,000. SRH Advisors LLC purchased a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $28,000. Versant Capital Management Inc boosted its position in shares of Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after purchasing an additional 71 shares during the period. Blue Trust Inc. boosted its position in shares of Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after purchasing an additional 88 shares during the period. Finally, Rialto Wealth Management LLC purchased a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Insider Activity

In related news, Director Jill Bright purchased 135 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly owns 2,476 shares of the company's stock, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.99% of the company's stock.

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Interactive Brokers Group Price Performance

Shares of IBKR traded down $2.50 during midday trading on Friday, reaching $173.36. The stock had a trading volume of 3,574,320 shares, compared to its average volume of 1,175,136. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53. The company's fifty day simple moving average is $203.19 and its two-hundred day simple moving average is $176.73. The company has a market cap of $73.26 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data 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. 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 analyst estimates of $1.37 billion. During the same period last year, the business earned $1.52 EPS. The company's revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Interactive Brokers Group's payout ratio is 14.16%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays increased 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. 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 report on Friday, January 10th. StockNews.com cut shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a research report on Monday, March 17th. Keefe, Bruyette & Woods raised 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 research report on Monday, January 13th. Finally, The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned 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.

Interactive Brokers Group 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.