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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $207.88.

A number of brokerages recently weighed in on IBKR. Barclays upped their target price on shares of Interactive Brokers Group from $188.00 to $193.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods increased their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Bank of America cut their target price on Interactive Brokers Group from $265.00 to $243.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Piper Sandler decreased their price target on shares of Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup cut their price objective on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.99% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in shares of Interactive Brokers Group by 8,249.3% in the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider’s stock valued at $263,950,000 after purchasing an additional 1,476,135 shares during the period. Norges Bank acquired a new position in Interactive Brokers Group in the 4th quarter valued at about $229,316,000. Bank of America Corp DE raised its holdings in Interactive Brokers Group by 91.4% in the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider’s stock valued at $413,226,000 after acquiring an additional 1,117,186 shares during the period. Raymond James Financial Inc. acquired a new stake in Interactive Brokers Group during the fourth quarter worth approximately $120,046,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Interactive Brokers Group by 22,211.1% during the first quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider’s stock worth $701,950,000 after acquiring an additional 422,010 shares during the period. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $159.52 on Monday. The company has a market capitalization of $67.41 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. The business has a 50-day moving average of $183.78 and a two-hundred day moving average of $181.81. Interactive Brokers Group has a 1 year low of $103.69 and a 1 year high of $236.53.

Shares of Interactive Brokers Group are scheduled to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly minted shares will be distributed to shareholders after the closing bell on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.04). Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. On average, equities analysts anticipate that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.63%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.16%.

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.