Interactive Brokers Group (NASDAQ:IBKR) Given New $200.00 Price Target at Piper Sandler

Interactive Brokers Group (NASDAQ:IBKR) had its target price hoisted by Piper Sandler from $163.00 to $200.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on IBKR. Keefe, Bruyette & Woods raised their price objective on Interactive Brokers Group from $152.00 to $190.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Barclays boosted their price target on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Jefferies Financial Group lifted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. The Goldman Sachs Group upped their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, UBS Group lifted their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $177.63.

Interactive Brokers Group Stock Up 0.6 %

Interactive Brokers Group stock opened at $191.17 on Tuesday. The company has a market capitalization of $80.77 billion, a PE ratio of 29.19, a PEG ratio of 1.41 and a beta of 0.87. Interactive Brokers Group has a 12-month low of $83.86 and a 12-month high of $193.42. The firm’s fifty day moving average is $179.21 and its 200 day moving average is $146.95.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same quarter in the prior year, the company posted $1.55 EPS. Sell-side analysts expect that Interactive Brokers Group will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.27%.

Institutional Investors Weigh In On Interactive Brokers Group

Several large investors have recently made changes to their positions in the business. Versant Capital Management Inc grew its position in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the period. Fairfield Financial Advisors LTD purchased a new position in Interactive Brokers Group in the second quarter valued at about $32,000. UMB Bank n.a. grew its position in shares of Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 224 shares during the period. Smithfield Trust Co increased its stake in shares of Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 154 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Interactive Brokers Group in the 3rd quarter worth approximately $49,000. 23.80% of the stock is owned by hedge funds and other 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.