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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $132.33.

Several equities analysts recently issued reports on IBKR shares. UBS Group lifted their price objective on shares of Interactive Brokers Group from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $128.00 to $135.00 in a report on Thursday, July 11th. Barclays lifted their price objective on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Finally, Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 8th.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $120.76 on Wednesday. The company has a market capitalization of $50.85 billion, a PE ratio of 20.64, a P/E/G ratio of 1.07 and a beta of 0.81. The company has a 50 day moving average price of $120.48 and a 200-day moving average price of $115.87. Interactive Brokers Group has a fifty-two week low of $72.60 and a fifty-two week high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. Interactive Brokers Group’s revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company posted $1.32 earnings per share. On average, analysts forecast that Interactive Brokers Group will post 6.76 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.09%.

Institutional Investors Weigh In On Interactive Brokers Group

A number of large investors have recently made changes to their positions in IBKR. Norges Bank purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at $97,476,000. Millennium Management LLC lifted its position in Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after purchasing an additional 1,004,289 shares during the period. Goldman Sachs Group Inc. lifted its position in Interactive Brokers Group by 122.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after purchasing an additional 524,503 shares during the period. Marshall Wace LLP lifted its position in Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after purchasing an additional 481,826 shares during the period. Finally, Bares Capital Management Inc. lifted its position in Interactive Brokers Group by 10.4% during the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock valued at $313,920,000 after purchasing an additional 264,543 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

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.