41,253 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,253 shares of the financial services provider's stock, valued at approximately $7,288,000.

A number of other institutional investors have also recently made changes to their positions in IBKR. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group in the 4th quarter valued at approximately $25,000. SRH Advisors LLC bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at $28,000. Versant Capital Management Inc boosted its position in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock valued at $31,000 after buying an additional 71 shares during the last quarter. Blue Trust Inc. increased its holdings in Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after buying an additional 88 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in Interactive Brokers Group by 100.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider's stock worth $35,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

Shares of IBKR stock traded down $2.32 during trading hours on Thursday, reaching $175.83. 1,217,113 shares of the company traded hands, compared to its average volume of 1,161,394. The firm has a 50-day moving average price of $203.73 and a 200 day moving average price of $176.08. The company has a market cap of $74.30 billion, a P/E ratio of 24.84, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53.

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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 for the quarter, beating the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 earnings per share. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. Interactive Brokers Group's payout ratio is 14.16%.

Analysts Set New Price Targets

IBKR has been the subject of a number of research analyst reports. Barclays lifted their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Piper Sandler reiterated an "overweight" rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. UBS Group raised 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 upped their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods raised their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research report on Monday, January 13th. One 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 MarketBeat, Interactive Brokers Group has a consensus rating of "Moderate Buy" and an average target price of $204.13.

Insider Activity

In related news, 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. This represents a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.99% 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.