Bleakley Financial Group LLC Purchases Shares of 1,379 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Bleakley Financial Group LLC purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,379 shares of the financial services provider's stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Donoghue Forlines LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $2,088,000. Aurora Investment Counsel acquired a new position in shares of Interactive Brokers Group during the 3rd quarter valued at about $1,693,000. Union Bancaire Privee UBP SA acquired a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $3,750,000. Friedenthal Financial acquired a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $775,000. Finally, New Millennium Group LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $2,319,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several recent research reports. The Goldman Sachs Group boosted 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. Citigroup upped their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Piper Sandler reaffirmed an "overweight" rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Barclays upped their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Finally, UBS Group upped 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has an average rating of "Moderate Buy" and a consensus price target of $204.13.

Insider Buying and Selling

In other news, Director Jill Bright bought 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 completion of the purchase, the director now owns 2,476 shares of the company's stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.21% of the company's stock.

Interactive Brokers Group Stock Performance

Shares of IBKR traded down $0.73 during mid-day trading on Friday, hitting $234.12. 1,672,620 shares of the company's stock were exchanged, compared to its average volume of 1,813,609. The company has a market cap of $98.92 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 1.62 and a beta of 0.89. Interactive Brokers Group, Inc. has a fifty-two week low of $101.36 and a fifty-two week high of $236.53. The stock's 50-day moving average is $196.38 and its 200-day moving average is $164.09.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $1.37 billion. During the same quarter in the prior year, the company earned $1.52 earnings per share. The business's quarterly revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Interactive Brokers Group's payout ratio is 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.