Retirement Guys Formula LLC Purchases Shares of 1,314 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Retirement Guys Formula LLC bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,314 shares of the financial services provider's stock, valued at approximately $232,000.

A number of other large investors have also recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $25,000. SRH Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $28,000. Versant Capital Management Inc boosted its holdings 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 worth $31,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after purchasing an additional 88 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Interactive Brokers Group by 100.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider's stock worth $35,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now 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 SEC, which is accessible through the SEC website. 3.21% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group lifted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods lifted their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Monday, January 13th. Barclays raised their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Citigroup raised their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Finally, Piper Sandler reissued an "overweight" rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $204.13.

Interactive Brokers Group Trading Down 0.3 %

Interactive Brokers Group stock traded down $0.73 during midday trading on Friday, hitting $234.12. The stock had a trading volume of 1,672,620 shares, compared to its average volume of 1,813,609. The stock has a market cap of $98.92 billion, a P/E ratio of 33.16, a P/E/G ratio of 1.62 and a beta of 0.89. Interactive Brokers Group, Inc. has a 12 month low of $101.36 and a 12 month high of $236.53. The business has a fifty day moving average price of $196.38 and a 200 day moving average price of $163.47.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. Interactive Brokers Group's quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.25 dividend. 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 payout ratio is currently 14.16%.

Interactive Brokers Group 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.