Interactive Brokers Group (NASDAQ:IBKR) Hits New 1-Year High Following Insider Buying Activity

Interactive Brokers Group, Inc. (NASDAQ:IBKR) hit a new 52-week high on Wednesday following insider buying activity. The company traded as high as $225.50 and last traded at $224.43, with a volume of 162339 shares traded. The stock had previously closed at $221.48.

Specifically, Director Jill Bright bought 135 shares of Interactive Brokers Group 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 completion of the acquisition, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IBKR. Keefe, Bruyette & Woods increased their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. The Goldman Sachs Group increased their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. UBS Group boosted their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Citigroup raised their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Barclays boosted their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Stock Performance

The business has a fifty day moving average of $190.55 and a two-hundred day moving average of $158.41. The firm has a market capitalization of $98.64 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 1.54 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.81 by $0.22. The firm 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 quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 earnings per share. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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 given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.43%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors have recently made changes to their positions in IBKR. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group in the 4th quarter valued at $25,000. SRH Advisors LLC bought a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $28,000. Versant Capital Management Inc grew its stake in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Blue Trust Inc. increased its position in 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 acquiring an additional 88 shares during the period. Finally, Harbor Investment Advisory LLC raised its stake 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 purchasing an additional 100 shares in the last quarter. 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.