Interactive Brokers Group, Inc. (NASDAQ:IBKR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $204.13.

Several equities research analysts have recently issued reports on IBKR shares. The Goldman Sachs Group raised their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. StockNews.com raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup lifted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. UBS Group upped 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. Finally, Piper Sandler reiterated an “overweight” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd.

Insider Activity

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

Institutional Investors Weigh In On Interactive Brokers Group

Several hedge funds and other institutional investors have recently made changes to their positions in IBKR. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group in the fourth quarter valued at approximately $25,000. SRH Advisors LLC bought a new position in Interactive Brokers Group during the 4th quarter worth approximately $28,000. Versant Capital Management Inc grew its holdings in shares of Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the period. Blue Trust Inc. grew its stake in Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 88 shares during the period. Finally, Aster Capital Management DIFC Ltd raised its holdings in Interactive Brokers Group by 39.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Down 3.0 %

NASDAQ IBKR opened at $173.94 on Thursday. The company has a market cap of $73.50 billion, a P/E ratio of 24.64, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group has a 1 year low of $103.69 and a 1 year high of $236.53. The company has a fifty day simple moving average of $202.82 and a 200 day simple moving average of $177.84.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the business posted $1.52 earnings per share. The firm’s revenue was up 21.8% compared to the same quarter last year. Equities research analysts forecast that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s payout ratio is 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.