Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $240.00

Interactive Brokers Group (NASDAQ:IBKR) had its price objective boosted by The Goldman Sachs Group from $212.00 to $240.00 in a research report released on Thursday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the financial services provider’s stock.

IBKR has been the topic of several other research reports. Bank of America reduced their target price on shares of 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 reduced their target price on shares of Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Citigroup reduced their target price on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. StockNews.com raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, UBS Group increased their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $213.50.

Interactive Brokers Group Stock Up 1.0%

IBKR stock opened at $209.15 on Thursday. Interactive Brokers Group has a 52 week low of $103.69 and a 52 week high of $236.53. The company has a fifty day simple moving average of $172.14 and a two-hundred day simple moving average of $185.87. The firm has a market capitalization of $88.38 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 1.59 and a beta of 1.19.

Interactive Brokers Group’s stock is set to split on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $1.88 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. As a group, analysts anticipate that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.32 dividend. The ex-dividend date is Friday, May 30th. This is an increase from Interactive Brokers Group’s previous dividend of $0.10. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.32%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Donoghue Forlines LLC bought a new position in Interactive Brokers Group during the 4th quarter worth about $2,088,000. Union Bancaire Privee UBP SA bought a new position in Interactive Brokers Group during the 4th quarter worth about $3,750,000. New Millennium Group LLC bought a new position in Interactive Brokers Group during the 4th quarter worth about $2,319,000. Smartleaf Asset Management LLC grew its holdings in Interactive Brokers Group by 34.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 122 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Interactive Brokers Group by 1,434.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,688 shares of the financial services provider’s stock worth $298,000 after acquiring an additional 1,578 shares in the last quarter. 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.