Interactive Brokers Group (NASDAQ:IBKR) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $190.37 and traded as high as $210.87. Interactive Brokers Group shares last traded at $208.17, with a volume of 920,424 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently commented on the company. The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $212.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Wall Street Zen lowered shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Citigroup cut shares of Interactive Brokers Group from a “buy” rating to a “neutral” rating and upped their price target for the company from $205.00 to $215.00 in a research report on Monday, June 9th. Bank of America cut their price target on shares of Interactive Brokers Group from $265.00 to $243.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Barclays increased their price objective on Interactive Brokers Group from $188.00 to $193.00 and gave the company an “overweight” rating in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average price target of $213.50.

Interactive Brokers Group Price Performance

The company’s 50-day moving average price is $190.03 and its two-hundred day moving average price is $190.37. The company has a market capitalization of $87.98 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 2.84 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR) last issued 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). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 4.97% and a net margin of 9.53%. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.32 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.28 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Friday, May 30th. Interactive Brokers Group’s payout ratio is presently 17.32%.

Institutional Trading of Interactive Brokers Group

Hedge funds have recently modified their holdings of the stock. N.E.W. Advisory Services LLC acquired a new stake in Interactive Brokers Group in the first quarter worth $26,000. Blue Trust Inc. grew its stake in shares of Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after buying an additional 88 shares during the period. Rialto Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $33,000. Aster Capital Management DIFC Ltd increased its position in Interactive Brokers Group by 39.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares in the last quarter. Finally, City Holding Co. acquired a new position in Interactive Brokers Group during the 1st quarter worth approximately $33,000. Institutional investors own 23.80% of the company’s stock.

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.