Interactive Brokers Group (NASDAQ:IBKR) PT Raised to $150.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target raised by Jefferies Financial Group from $138.00 to $150.00 in a research note published on Monday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the company. Bank of America raised their target price on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a buy rating in a research note on Wednesday, April 17th. Barclays raised their target price on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an overweight rating in a research note on Wednesday, April 17th. Citigroup raised their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a buy rating in a research note on Thursday, April 11th. Finally, Piper Sandler lifted their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the company an overweight rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of Moderate Buy and an average price target of $130.63.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $124.82 on Monday. The business has a 50-day moving average of $123.39 and a 200 day moving average of $109.42. Interactive Brokers Group has a fifty-two week low of $72.60 and a fifty-two week high of $129.19. The firm has a market cap of $52.56 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 1.20 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, research analysts predict that Interactive Brokers Group will post 6.73 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.25 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.80%. Interactive Brokers Group’s payout ratio is presently 17.09%.

Institutional Trading of Interactive Brokers Group

A number of hedge funds have recently bought and sold shares of IBKR. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group in the 4th quarter worth approximately $25,000. Rise Advisors LLC bought a new stake in Interactive Brokers Group in the 1st quarter worth approximately $30,000. Rakuten Securities Inc. bought a new stake in Interactive Brokers Group in the 4th quarter worth approximately $34,000. Principal Securities Inc. bought a new stake in Interactive Brokers Group in the 4th quarter worth approximately $40,000. Finally, Kapitalo Investimentos Ltda increased its stake in Interactive Brokers Group by 278.0% in the 4th 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 period. Institutional investors own 23.80% of the company’s stock.

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.