Virtu Financial LLC Purchases New Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Virtu Financial LLC acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,609 shares of the financial services provider’s stock, valued at approximately $814,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Interactive Brokers Group in the 4th quarter worth $120,046,000. Twin Tree Management LP increased its position in Interactive Brokers Group by 492.8% during the fourth quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider’s stock worth $40,130,000 after purchasing an additional 188,827 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in Interactive Brokers Group during the third quarter worth about $25,085,000. Bamco Inc. NY boosted its holdings in Interactive Brokers Group by 16.3% in the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock valued at $127,181,000 after purchasing an additional 127,640 shares during the last quarter. Finally, Progeny 3 Inc. purchased a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at approximately $17,699,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. StockNews.com upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays increased their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. UBS Group boosted their price objective 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 increased their target price on shares of 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, Piper Sandler reissued an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Buying and Selling

In related news, Director Jill Bright acquired 135 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.99% of the stock is currently owned by insiders.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $179.94 on Tuesday. The company has a market cap of $76.04 billion, a P/E ratio of 25.49, a P/E/G ratio of 1.59 and a beta of 0.99. The stock has a 50-day moving average of $203.13 and a two-hundred day moving average of $177.47. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s payout ratio is currently 14.16%.

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.