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

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $59.3750.

A number of equities analysts have weighed in on IBKR shares. Citigroup lifted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Barclays boosted their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Piper Sandler raised their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Saturday, June 21st.

Interactive Brokers Group Price Performance

IBKR stock opened at $62.34 on Thursday. The company has a market capitalization of $105.74 billion, a P/E ratio of 32.05, a price-to-earnings-growth ratio of 2.54 and a beta of 1.23. Interactive Brokers Group has a 12 month low of $32.31 and a 12 month high of $68.07. The firm’s fifty day simple moving average is $63.03 and its 200-day simple moving average is $52.75.

Interactive Brokers Group (NASDAQ:IBKR) last issued 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 net margin of 9.78% and a return on equity of 4.92%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the company posted $1.76 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, September 1st were given a $0.08 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is 16.49%.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the sale, the insider directly owned 461,500 shares in the company, valued at $31,146,635. This trade represents a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul Jonathan Brody sold 97,209 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $64.06, for a total value of $6,227,208.54. Following the transaction, the chief financial officer owned 577,818 shares in the company, valued at $37,015,021.08. This represents a 14.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 656,154 shares of company stock worth $42,299,977. Corporate insiders own 2.97% of the company’s stock.

Institutional Trading of Interactive Brokers Group

Several institutional investors have recently modified their holdings of IBKR. NWF Advisory Services Inc. purchased a new stake in shares of Interactive Brokers Group during the second quarter worth about $2,510,000. Osaic Holdings Inc. increased its stake in Interactive Brokers Group by 317.3% during the 2nd quarter. Osaic Holdings Inc. now owns 57,017 shares of the financial services provider’s stock worth $3,161,000 after buying an additional 43,353 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in Interactive Brokers Group by 537.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 35,564 shares of the financial services provider’s stock worth $1,971,000 after buying an additional 29,982 shares in the last quarter. Munro Partners acquired a new position in shares of Interactive Brokers Group during the second quarter valued at approximately $4,806,000. Finally, Thrivent Financial for Lutherans lifted its position in shares of Interactive Brokers Group by 260.2% in the second quarter. Thrivent Financial for Lutherans now owns 102,619 shares of the financial services provider’s stock valued at $5,686,000 after acquiring an additional 74,127 shares in the last quarter. Institutional investors and hedge funds 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.