Insider Buying: Interactive Brokers Group (NASDAQ:IBKR) Director Buys $26,380.00 in Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Director Jill Bright bought 400 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was bought at an average cost of $65.95 per share, for a total transaction of $26,380.00. Following the transaction, the director owned 10,304 shares of the company’s stock, valued at $679,548.80. The trade was a 4.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $69.19 on Thursday. The stock has a 50 day moving average price of $65.87 and a 200 day moving average price of $58.17. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35. The stock has a market capitalization of $117.36 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 2.14 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.08. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 EPS. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is 15.38%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of analyst reports. CICC Research started coverage on shares of Interactive Brokers Group in a research report on Monday. They issued an “outperform” rating and a $78.00 price objective for the company. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Barclays set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Friday, October 17th. BMO Capital Markets lifted their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $91.00 target price on shares of Interactive Brokers Group in a report on Friday, October 17th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.08.

Institutional Trading of Interactive Brokers Group

Several institutional investors have recently added to or reduced their stakes in IBKR. Matisse Capital increased its position in Interactive Brokers Group by 2.5% during the 3rd quarter. Matisse Capital now owns 12,300 shares of the financial services provider’s stock worth $846,000 after buying an additional 300 shares during the period. Fisher Funds Management LTD acquired a new position in shares of Interactive Brokers Group in the third quarter valued at about $1,363,000. Allstate Corp acquired a new position in shares of Interactive Brokers Group in the third quarter valued at about $1,126,000. Quantum Portfolio Management LLC bought a new position in Interactive Brokers Group during the third quarter worth about $809,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Interactive Brokers Group in the 3rd quarter worth about $249,000. 23.80% of the stock is currently owned by institutional investors.

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.