Interactive Brokers Group, Inc. (NASDAQ:IBKR) Given Average Rating of “Moderate Buy” by Analysts

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $166.13.

Several analysts have recently commented on the stock. Piper Sandler reiterated an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. UBS Group increased their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Barclays boosted their target price on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research note on Monday, December 9th.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $180.20 on Tuesday. The firm has a market capitalization of $76.14 billion, a P/E ratio of 27.51, a P/E/G ratio of 1.42 and a beta of 0.85. Interactive Brokers Group has a 52 week low of $80.00 and a 52 week high of $193.42. The stock has a 50 day moving average price of $169.42 and a two-hundred day moving average price of $140.47.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter last year, the company posted $1.55 EPS. On average, equities analysts forecast that Interactive Brokers Group will post 6.82 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group’s payout ratio is currently 15.27%.

Institutional Trading of Interactive Brokers Group

A number of hedge funds have recently bought and sold shares of IBKR. Millennium Management LLC grew its stake in shares of Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after buying an additional 1,004,289 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in Interactive Brokers Group during the 3rd quarter worth approximately $83,630,000. Marshall Wace LLP increased its stake in Interactive Brokers Group by 23.8% in the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after purchasing an additional 481,826 shares during the period. Waverton Investment Management Ltd bought a new stake in Interactive Brokers Group in the third quarter valued at approximately $26,946,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after purchasing an additional 187,010 shares during the period. Institutional investors own 23.80% of the company’s stock.

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.