Bleakley Financial Group LLC Invests $244,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Bleakley Financial Group LLC purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,379 shares of the financial services provider’s stock, valued at approximately $244,000.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Interactive Brokers Group by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock valued at $559,821,000 after buying an additional 11,379 shares during the period. State Street Corp increased its stake in shares of Interactive Brokers Group by 1.7% during the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after purchasing an additional 52,911 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Interactive Brokers Group by 5.4% during the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after purchasing an additional 106,392 shares in the last quarter. FMR LLC grew its holdings in shares of Interactive Brokers Group by 12.2% during the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock valued at $152,543,000 after buying an additional 119,187 shares during the last quarter. Finally, Bamco Inc. NY grew its holdings in shares of Interactive Brokers Group by 16.3% during the third quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock valued at $127,181,000 after buying an additional 127,640 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Activity

In other news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on IBKR shares. Barclays raised their target price on shares of 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 lifted their price objective 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. Piper Sandler reiterated an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Citigroup upped their price target 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 lifted their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock 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 stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $230.20 on Thursday. Interactive Brokers Group, Inc. has a 52-week low of $98.07 and a 52-week high of $235.29. The firm has a market capitalization of $97.26 billion, a P/E ratio of 32.61, a P/E/G ratio of 1.62 and a beta of 0.89. The stock has a 50 day moving average price of $194.48 and a 200 day moving average price of $162.17.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company posted $1.52 earnings per share. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Dividend Announcement

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

Interactive Brokers Group 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.