Jefferies Financial Group Boosts Interactive Brokers Group (NASDAQ:IBKR) Price Target to $138.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target increased by Jefferies Financial Group from $133.00 to $138.00 in a report published on Wednesday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the financial services provider’s stock.

A number of other analysts have also recently weighed in on IBKR. Citigroup raised their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a buy rating in a report on Thursday, April 11th. UBS Group reduced their target price on shares of Interactive Brokers Group from $108.00 to $104.00 and set a buy rating for the company in a report on Tuesday, January 9th. Bank of America raised their target price on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a buy rating in a report on Wednesday. Barclays raised their target price on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an overweight rating in a report on Wednesday. Finally, The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a neutral rating to a buy rating and raised their target price for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $124.00.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $111.55 on Wednesday. The firm has a 50 day simple moving average of $108.76 and a 200-day simple moving average of $92.86. The stock has a market capitalization of $46.97 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.22 and a beta of 0.83. Interactive Brokers Group has a 12-month low of $70.83 and a 12-month high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business earned $1.30 earnings per share. On average, analysts forecast that Interactive Brokers Group will post 6.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.25 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.90%. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the sale, the insider now owns 113,770 shares in the company, valued at approximately $11,929,922.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now directly owns 113,770 shares in the company, valued at approximately $11,929,922.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Earl H. Nemser sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the completion of the sale, the insider now owns 123,770 shares in the company, valued at $12,813,908.10. The disclosure for this sale can be found here. Insiders sold a total of 428,883 shares of company stock worth $40,395,135 in the last quarter. 3.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Interactive Brokers Group

Several hedge funds and other institutional investors have recently bought and sold shares of IBKR. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the 1st quarter valued at about $30,000. Eagle Bay Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the 2nd quarter valued at about $31,000. Rakuten Securities Inc. acquired a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $34,000. Finally, Atlas Capital Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the 1st quarter valued at about $40,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.