Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $124.00 Average Target Price from Analysts

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been assigned a consensus rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is $124.00.

A number of analysts recently issued reports on IBKR shares. Bank of America increased their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Citigroup increased their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Jefferies Financial Group increased their price objective on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Barclays increased their price objective on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Finally, Piper Sandler increased their price objective on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th.

Hedge Funds Weigh In On Interactive Brokers Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Rise Advisors LLC purchased a new position in shares of Interactive Brokers Group in the first quarter worth about $30,000. Contravisory Investment Management Inc. purchased a new position in shares of Interactive Brokers Group in the fourth quarter worth about $25,000. Rakuten Securities Inc. purchased a new position in shares of Interactive Brokers Group in the fourth quarter worth about $34,000. Principal Securities Inc. acquired a new stake in Interactive Brokers Group during the fourth quarter worth about $40,000. Finally, Kapitalo Investimentos Ltda increased its position in Interactive Brokers Group by 278.0% during the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 353 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $126.75 on Tuesday. The company’s fifty day moving average price is $122.11 and its 200 day moving average price is $107.46. Interactive Brokers Group has a 1 year low of $72.60 and a 1 year high of $129.19. The company has a market capitalization of $53.37 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.01. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. On average, equities analysts expect that Interactive Brokers Group will post 6.59 EPS for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.25 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Friday, May 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

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.