Interactive Brokers Group (NASDAQ:IBKR) Reaches New 52-Week High After Insider Buying Activity

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday following insider buying activity. The stock traded as high as $225.50 and last traded at $224.43, with a volume of 162339 shares traded. The stock had previously closed at $221.48.

Specifically, Director Jill Bright acquired 135 shares of the stock in a transaction dated Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Analyst Upgrades and Downgrades

Several analysts have weighed in on IBKR shares. Keefe, Bruyette & Woods boosted their price target on shares of 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. Piper Sandler restated an "overweight" rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. UBS Group lifted 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. The Goldman Sachs Group increased their price objective 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. Finally, Citigroup lifted their target price 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $204.13.

Interactive Brokers Group Stock Up 1.3 %

The company has a market cap of $97.66 billion, a P/E ratio of 32.74, a P/E/G ratio of 1.62 and a beta of 0.89. The business has a fifty day moving average of $192.09 and a 200 day moving average of $159.91.

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. On average, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Interactive Brokers Group by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider's stock worth $559,821,000 after purchasing an additional 11,379 shares during the period. Cantillon Capital Management LLC grew its position in shares of Interactive Brokers Group by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider's stock worth $599,917,000 after buying an additional 18,047 shares during the period. State Street Corp increased its stake in shares of Interactive Brokers Group by 1.7% in the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider's stock worth $449,037,000 after acquiring an additional 52,911 shares in the last quarter. Geode Capital Management LLC lifted its position in Interactive Brokers Group by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider's stock valued at $287,921,000 after acquiring an additional 106,392 shares during the period. Finally, FMR LLC boosted its stake in 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 worth $152,543,000 after acquiring an additional 119,187 shares in the last quarter. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Company 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.