Interactive Brokers Group (NASDAQ:IBKR) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Interactive Brokers Group (NASDAQ:IBKR) from a sell rating to a hold rating in a research note released on Tuesday morning.

Several other brokerages have also recently weighed in on IBKR. Barclays increased their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. UBS Group boosted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Citigroup boosted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Trading Down 0.3 %

IBKR opened at $179.40 on Tuesday. Interactive Brokers Group has a 12 month low of $103.69 and a 12 month high of $236.53. The business’s 50-day moving average price is $203.06 and its 200-day moving average price is $177.87. The company has a market cap of $75.81 billion, a P/E ratio of 25.41, a P/E/G ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly 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. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 EPS. Equities research analysts forecast that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors have recently modified their holdings of IBKR. Pathstone Holdings LLC raised its position in shares of Interactive Brokers Group by 7.0% in the 3rd quarter. Pathstone Holdings LLC now owns 12,348 shares of the financial services provider’s stock worth $1,721,000 after purchasing an additional 811 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Interactive Brokers Group by 34.3% in the third quarter. Advisors Asset Management Inc. now owns 3,744 shares of the financial services provider’s stock worth $522,000 after buying an additional 957 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Interactive Brokers Group by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 799,423 shares of the financial services provider’s stock worth $111,408,000 after buying an additional 17,195 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Interactive Brokers Group by 60.2% during the third quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider’s stock valued at $425,000 after buying an additional 1,146 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Interactive Brokers Group during the third quarter valued at approximately $586,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

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.