PUREfi Wealth LLC Invests $211,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

PUREfi Wealth LLC acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,196 shares of the financial services provider's stock, valued at approximately $211,000.

Other large investors have also added to or reduced their stakes in the company. Donoghue Forlines LLC bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $2,088,000. Aurora Investment Counsel bought a new position in shares of Interactive Brokers Group in 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 worth about $3,750,000. New Millennium Group LLC bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $2,319,000. Finally, Friedenthal Financial acquired a new stake in Interactive Brokers Group in the 4th quarter valued at about $775,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Stock Down 1.2 %

Shares of Interactive Brokers Group stock traded down $2.88 during trading on Wednesday, reaching $232.65. The company's stock had a trading volume of 1,387,599 shares, compared to its average volume of 1,735,552. The business's 50-day moving average price is $198.65 and its 200-day moving average price is $165.77. Interactive Brokers Group, Inc. has a 52 week low of $102.27 and a 52 week high of $236.53. The firm has a market cap of $98.30 billion, a PE ratio of 32.95, a P/E/G ratio of 1.65 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The business's revenue was up 21.8% compared to the same quarter last year. Equities analysts predict that Interactive Brokers Group, Inc. will post 7.45 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 yield of 0.43%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

Analyst Ratings Changes

A number of equities analysts have weighed in 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 note on Friday, January 10th. The Goldman Sachs Group increased their price target 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. Barclays lifted their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Piper Sandler reiterated an "overweight" rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, UBS Group raised their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $204.13.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Jill Bright bought 135 shares of the firm's stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This represents 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 available through this hyperlink. Insiders own 3.21% 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.