Victory Capital Management Inc. Purchases 30,891 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Victory Capital Management Inc. boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,542 shares of the financial services provider's stock after acquiring an additional 30,891 shares during the quarter. Victory Capital Management Inc.'s holdings in Interactive Brokers Group were worth $34,723,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Donoghue Forlines LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at $2,088,000. Aurora Investment Counsel bought a new position in Interactive Brokers Group during the third quarter worth about $1,693,000. Union Bancaire Privee UBP SA bought a new position in Interactive Brokers Group during the fourth quarter worth about $3,750,000. Friedenthal Financial bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $775,000. Finally, New Millennium Group LLC bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $2,319,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBKR has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective 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 lifted their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group lifted their target price 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. 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 research report on Monday, January 27th. Finally, Citigroup lifted their target price 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of "Moderate Buy" and an average price target of $204.13.

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Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction that occurred on 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 purchase, the director now directly owns 2,476 shares of the company's stock, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.21% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Trading Up 1.3 %

IBKR stock opened at $192.17 on Monday. The firm has a market capitalization of $81.20 billion, a PE ratio of 27.22, a PEG ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53. The business's 50 day simple moving average is $205.88 and its 200 day simple moving average is $173.93.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm's revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.52 EPS. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group's payout ratio is presently 14.16%.

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.

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