Interactive Brokers Group (NASDAQ:IBKR) Stock Price Up 2.2%

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) traded up 2.2% during trading on Wednesday . The stock traded as high as $114.01 and last traded at $113.50. 102,099 shares were traded during mid-day trading, a decline of 91% from the average session volume of 1,164,178 shares. The stock had previously closed at $111.10.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. The Goldman Sachs Group raised shares of Interactive Brokers Group from a "neutral" rating to a "buy" rating and upped their price objective for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. Barclays upped their price objective on shares of Interactive Brokers Group from $117.00 to $132.00 and gave the company an "overweight" rating in a report on Monday. Finally, UBS Group dropped their price objective on shares of Interactive Brokers Group from $108.00 to $104.00 and set a "buy" rating on the stock in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $112.88.

Interactive Brokers Group Price Performance

The stock's fifty day moving average is $106.61 and its 200-day moving average is $91.77. The stock has a market capitalization of $47.79 billion, a PE ratio of 20.05, a P/E/G ratio of 1.34 and a beta of 0.83.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The business's revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 earnings per share. On average, analysts forecast that Interactive Brokers Group, Inc. will post 6.16 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Thursday, February 29th. Interactive Brokers Group's dividend payout ratio is presently 7.07%.

Insiders Place Their Bets

In other news, Vice Chairman Earl H. Nemser sold 74,218 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the sale, the insider now directly owns 234,552 shares in the company, valued at $22,585,012.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the sale, the insider now owns 234,552 shares of the company's stock, valued at $22,585,012.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Earl H. Nemser sold 25,782 shares of the company's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the completion of the sale, the insider now directly owns 208,770 shares of the company's stock, valued at approximately $19,981,376.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 467,996 shares of company stock worth $43,844,885. Company insiders own 3.21% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group during the fourth quarter worth about $25,000. Rise Advisors LLC purchased a new position in Interactive Brokers Group during the first quarter worth about $30,000. Eagle Bay Advisors LLC purchased a new position in Interactive Brokers Group during the second quarter worth about $31,000. Rakuten Securities Inc. purchased a new position in Interactive Brokers Group during the fourth quarter worth about $34,000. Finally, Headlands Technologies LLC purchased a new position in Interactive Brokers Group during the third quarter worth about $40,000. Hedge funds and other 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.