PUREfi Wealth LLC Makes New $211,000 Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

PUREfi Wealth LLC bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,196 shares of the financial services provider’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also modified their holdings of the company. New Mexico Educational Retirement Board boosted its stake in shares of Interactive Brokers Group by 5.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 22,228 shares of the financial services provider’s stock worth $3,927,000 after buying an additional 1,168 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after buying an additional 88 shares during the last quarter. Park Capital Management LLC WI purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth $385,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth $1,125,000. Finally, Retirement Guys Formula LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth $232,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 0.3 %

Shares of Interactive Brokers Group stock opened at $234.12 on Friday. The stock’s 50-day simple moving average is $196.38 and its 200-day simple moving average is $163.78. Interactive Brokers Group, Inc. has a 52 week low of $101.36 and a 52 week high of $236.53. The company has a market capitalization of $98.92 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 1.62 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The business’s revenue was up 21.8% compared to the same quarter last year. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. 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. 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. Barclays lifted their target price 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. Finally, 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $204.13.

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.