Interactive Brokers Group, Inc. (NASDAQ:IBKR) Given Average Rating of “Moderate Buy” by Brokerages

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $59.38.

IBKR has been the subject of several recent research reports. Citigroup boosted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Bank of America dropped their price target on shares of Interactive Brokers Group from $66.25 to $60.75 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Piper Sandler increased their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Barclays raised their price objective on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Finally, Wall Street Zen upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $65.20 on Wednesday. The company has a market cap of $110.22 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 2.70 and a beta of 1.25. The stock’s fifty day moving average price is $55.62 and its two-hundred day moving average price is $50.23. Interactive Brokers Group has a 52-week low of $25.92 and a 52-week high of $66.61.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.76 earnings per share. On average, equities analysts predict 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 will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be given a dividend of $0.08 per share. The ex-dividend date is Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.49%. Interactive Brokers Group’s dividend payout ratio is 16.49%.

Institutional Trading of Interactive Brokers Group

A number of large investors have recently made changes to their positions in the company. Stephens Inc. AR raised its stake in Interactive Brokers Group by 216.0% during the 2nd quarter. Stephens Inc. AR now owns 6,120 shares of the financial services provider’s stock worth $339,000 after buying an additional 4,183 shares during the period. Pinnacle Wealth Management LLC increased its holdings in shares of Interactive Brokers Group by 772.8% in the second quarter. Pinnacle Wealth Management LLC now owns 28,688 shares of the financial services provider’s stock worth $1,590,000 after acquiring an additional 25,401 shares in the last quarter. Dumont & Blake Investment Advisors LLC raised its position in shares of Interactive Brokers Group by 306.6% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 32,636 shares of the financial services provider’s stock worth $1,808,000 after purchasing an additional 24,609 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Interactive Brokers Group during the second quarter worth about $243,000. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Interactive Brokers Group by 286.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 216,743 shares of the financial services provider’s stock valued at $12,010,000 after purchasing an additional 160,705 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

About Interactive Brokers Group

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.