Interactive Brokers Group, Inc. (NASDAQ:IBKR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $173.00.

Several research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. The Goldman Sachs Group boosted their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Piper Sandler restated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods upped their price objective on Interactive Brokers Group from $152.00 to $190.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Barclays increased their target price on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a report on Monday, December 9th.

Interactive Brokers Group Trading Up 1.0 %

Interactive Brokers Group stock opened at $177.60 on Tuesday. Interactive Brokers Group has a 12 month low of $82.07 and a 12 month high of $193.42. The stock has a fifty day simple moving average of $172.05 and a two-hundred day simple moving average of $142.27. The firm has a market cap of $75.04 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.42 and a beta of 0.85.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter in the previous year, the business posted $1.55 earnings per share. On average, equities research analysts forecast that Interactive Brokers Group will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.27%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Interactive Brokers Group by 3.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,473 shares of the financial services provider’s stock worth $1,774,000 after purchasing an additional 511 shares during the period. Raymond James & Associates increased its stake in Interactive Brokers Group by 3.9% in the 2nd quarter. Raymond James & Associates now owns 430,795 shares of the financial services provider’s stock worth $52,815,000 after buying an additional 16,247 shares in the last quarter. First Citizens Bank & Trust Co. bought a new stake in Interactive Brokers Group during the second quarter valued at about $233,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of Interactive Brokers Group in the second quarter valued at about $436,000. Finally, Griffin Asset Management Inc. purchased a new position in shares of Interactive Brokers Group in the second quarter valued at about $436,000. 23.80% of the stock is currently owned by institutional investors.

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.