Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday after an insider bought additional shares in the company. The company traded as high as $225.50 and last traded at $224.43, with a volume of 162339 shares. The stock had previously closed at $221.48.
Specifically, Director Jill Bright acquired 135 shares of the stock in a transaction on 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 purchase, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Analyst Ratings Changes
IBKR has been the topic of several analyst reports. Barclays increased their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. UBS Group upped their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Citigroup lifted their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, The Goldman Sachs Group upped their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $204.13.
Get Our Latest Analysis on IBKR
Interactive Brokers Group Trading Up 5.4 %
The company has a market capitalization of $98.64 billion, a P/E ratio of 33.07, a PEG ratio of 1.54 and a beta of 0.89. The stock has a 50 day moving average price of $190.55 and a 200 day moving average price of $158.41.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its quarterly 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. The firm 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 business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the firm posted $1.52 earnings per share. On average, research analysts predict that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.
Interactive Brokers Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. The ex-dividend date 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 presently 14.16%.
Institutional Trading of Interactive Brokers Group
Institutional investors have recently modified their holdings of the business. SRS Capital Advisors Inc. lifted its holdings in Interactive Brokers Group by 65.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the financial services provider’s stock worth $76,000 after buying an additional 170 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Interactive Brokers Group by 34.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 480 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 122 shares during the last quarter. Cantillon Capital Management LLC lifted its stake in shares of Interactive Brokers Group by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock worth $599,917,000 after acquiring an additional 18,047 shares during the period. West Michigan Advisors LLC bought a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $282,000. Finally, Williamson Legacy Group LLC acquired a new stake in Interactive Brokers Group during the 4th quarter valued at approximately $313,000. Institutional investors own 23.80% of the company’s stock.
About Interactive Brokers Group
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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