Interactive Brokers Group, Inc. (NASDAQ:IBKR) Director Jill Bright Buys 135 Shares

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Interactive Brokers Group Stock Up 1.3 %

Shares of IBKR traded up $2.91 during mid-day trading on Friday, hitting $231.14. 2,005,227 shares of the company's stock traded hands, compared to its average volume of 1,813,609. The firm has a market capitalization of $97.66 billion, a P/E ratio of 32.74, a PEG ratio of 1.62 and a beta of 0.89. The business's 50-day moving average price is $192.09 and its 200-day moving average price is $159.91. Interactive Brokers Group, Inc. has a 1 year low of $94.45 and a 1 year high of $235.29.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 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 firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period last year, the company posted $1.52 EPS. The company's quarterly revenue was up 21.8% compared to the same quarter last year. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued 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 dividend payout ratio (DPR) is 14.16%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Interactive Brokers Group by 0.3% during the third 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. Cantillon Capital Management LLC grew its holdings in Interactive Brokers Group by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider's stock worth $599,917,000 after purchasing an additional 18,047 shares during the period. State Street Corp grew its holdings in Interactive Brokers Group by 1.7% in the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider's stock worth $449,037,000 after purchasing an additional 52,911 shares during the period. Geode Capital Management LLC increased its stake in shares of Interactive Brokers Group by 5.4% during the third 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. Finally, FMR LLC lifted its holdings in shares of Interactive Brokers Group by 12.2% during the third 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 during the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Analysts Set New Price Targets

IBKR has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased 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. Piper Sandler reaffirmed an "overweight" rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Citigroup boosted their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. UBS Group raised their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Interactive Brokers Group has an average rating of "Moderate Buy" and an average price target of $204.13.

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.