Virtu Financial LLC Invests $814,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Virtu Financial LLC bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,609 shares of the financial services provider's stock, valued at approximately $814,000.

A number of other institutional investors have also recently modified their holdings of IBKR. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group in the 4th quarter worth about $25,000. SRH Advisors LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth approximately $28,000. Versant Capital Management Inc lifted its stake in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after buying an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $33,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup upped their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, January 10th. StockNews.com raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Tuesday. UBS Group boosted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Piper Sandler reaffirmed an "overweight" rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective 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. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $204.13.

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Insider Activity

In other news, Director Jill Bright bought 135 shares of the firm's 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 purchase, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.99% of the company's stock.

Interactive Brokers Group Trading Down 2.5 %

NASDAQ IBKR traded down $4.28 during trading hours on Friday, hitting $164.72. 2,372,708 shares of the company's stock traded hands, compared to its average volume of 1,235,632. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53. The firm has a market capitalization of $69.61 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.59 and a beta of 0.99. The business's fifty day moving average price is $202.44 and its two-hundred day moving average price is $177.78.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) 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 firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The company's revenue for the quarter was up 21.8% compared to the same quarter last year. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is currently 14.16%.

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.