Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $150.00 at Jefferies Financial Group

Interactive Brokers Group (NASDAQ:IBKRFree Report) had its price objective boosted by Jefferies Financial Group from $138.00 to $150.00 in a research note issued to investors on Monday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the financial services provider’s stock.

Several other analysts have also weighed in on the stock. Barclays lifted their price objective on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an overweight rating in a research note on Wednesday, April 17th. Citigroup boosted their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a buy rating in a research note on Thursday, April 11th. Bank of America boosted their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a buy rating in a research note on Wednesday, April 17th. Finally, Piper Sandler boosted their price target on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an overweight rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $125.50.

View Our Latest Stock Report on Interactive Brokers Group

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $123.47 on Monday. The company has a market capitalization of $51.99 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81. Interactive Brokers Group has a 52-week low of $72.60 and a 52-week high of $129.19. The company’s 50 day moving average price is $123.03 and its 200-day moving average price is $109.00.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last issued 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. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. Analysts forecast that Interactive Brokers Group will post 6.68 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 31st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a yield of 0.81%. Interactive Brokers Group’s dividend payout ratio is 17.09%.

Institutional Investors Weigh In On Interactive Brokers Group

Several institutional investors have recently added to or reduced their stakes in IBKR. Contravisory Investment Management Inc. purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $25,000. Rise Advisors LLC purchased a new stake in shares of Interactive Brokers Group in the first quarter worth about $30,000. Rakuten Securities Inc. purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $34,000. Principal Securities Inc. purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $40,000. Finally, Kapitalo Investimentos Ltda increased its position in shares of Interactive Brokers Group by 278.0% in 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 Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

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