Brokerages Set Interactive Brokers Group, Inc. (IBKR) Price Target at $69.33

Shares of Interactive Brokers Group, Inc. (IEX:IBKR) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $69.33.

Several brokerages have issued reports on IBKR. BidaskClub upgraded shares of Interactive Brokers Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 18th. SunTrust Banks decreased their price target on shares of Interactive Brokers Group to $71.00 and set a “$65.34” rating for the company in a research report on Wednesday, July 18th. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Wednesday, July 4th. Finally, ValuEngine cut shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd.

IBKR stock opened at $47.77 on Monday. The company has a market cap of $22.89 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.26 and a beta of 0.97. Interactive Brokers Group has a 1 year low of $47.13 and a 1 year high of $80.32.



Interactive Brokers Group (IEX:IBKR) last announced its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.01. Interactive Brokers Group had a net margin of 5.19% and a return on equity of 2.29%. The firm had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $453.00 million. Analysts anticipate that Interactive Brokers Group will post 2.29 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, November 29th. Interactive Brokers Group’s dividend payout ratio is currently 26.14%.

In other news, insider Thomas Aj Frank sold 54,972 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $62.17, for a total value of $3,417,609.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Milan Galik acquired 578 shares of Interactive Brokers Group stock in a transaction dated Thursday, September 20th. The stock was purchased at an average cost of $43.32 per share, for a total transaction of $25,038.96. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 3,121 shares of company stock worth $175,742 and sold 177,107 shares worth $11,012,193. Corporate insiders own 1.98% of the company’s stock.

Large investors have recently bought and sold shares of the company. State Treasurer State of Michigan boosted its stake in shares of Interactive Brokers Group by 5.7% in the 3rd quarter. State Treasurer State of Michigan now owns 27,800 shares of the financial services provider’s stock valued at $1,538,000 after purchasing an additional 1,500 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Interactive Brokers Group by 223.1% in the 3rd quarter. First Trust Advisors LP now owns 227,094 shares of the financial services provider’s stock valued at $12,561,000 after purchasing an additional 156,817 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Interactive Brokers Group by 53.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 298,127 shares of the financial services provider’s stock valued at $18,257,000 after purchasing an additional 104,114 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Interactive Brokers Group by 4.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 439,325 shares of the financial services provider’s stock valued at $24,316,000 after purchasing an additional 19,035 shares during the last quarter. 14.79% of the stock is currently owned by institutional investors.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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Analyst Recommendations for Interactive Brokers Group (IEX:IBKR)

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