Stock Traders Purchase Large Volume of Interactive Brokers Group Call Options (NASDAQ:IBKR)

Interactive Brokers Group, Inc. (NASDAQ:IBKR) saw some unusual options trading on Friday. Stock investors acquired 36,943 call options on the stock. This represents an increase of 488% compared to the typical volume of 6,287 call options.

Analyst Ratings Changes

Several equities research analysts recently weighed in on IBKR shares. Bank of America dropped their target price on Interactive Brokers Group from $66.25 to $60.75 and set a “buy” rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group upped their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Barclays upped their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday. Piper Sandler upped their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Wall Street Zen raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.38.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $64.05 on Friday. Interactive Brokers Group has a 52-week low of $25.92 and a 52-week high of $65.74. The firm has a market capitalization of $108.28 billion, a P/E ratio of 32.93, a P/E/G ratio of 2.70 and a beta of 1.25. The stock has a 50 day moving average price of $53.84 and a 200-day moving average price of $49.36.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 5.06% and a net margin of 9.78%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company earned $1.76 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. On average, equities analysts forecast that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, August 29th. Interactive Brokers Group’s dividend payout ratio is currently 17.30%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd raised its position in shares of 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 worth $33,000 after acquiring an additional 53 shares in the last quarter. Compound Planning Inc. increased its position in Interactive Brokers Group by 1.1% during the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock valued at $958,000 after buying an additional 62 shares in the last quarter. CWM LLC increased its position in Interactive Brokers Group by 6.6% during the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock valued at $176,000 after buying an additional 66 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Interactive Brokers Group by 0.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider’s stock valued at $1,410,000 after buying an additional 70 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in Interactive Brokers Group by 2.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider’s stock valued at $502,000 after buying an additional 73 shares in the last quarter. 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.