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

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $72.0833.

Several research firms have commented on IBKR. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday, October 17th. CICC Research started coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective on the stock. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Tuesday, October 14th. Finally, Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright purchased 400 shares of Interactive Brokers Group stock in a transaction dated Thursday, October 23rd. The stock was purchased at an average price of $65.95 per share, with a total value of $26,380.00. Following the transaction, the director directly owned 10,304 shares of the company’s stock, valued at $679,548.80. This trade represents a 4.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence E. Harris sold 10,645 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total transaction of $734,505.00. Following the completion of the transaction, the director owned 198,704 shares in the company, valued at $13,710,576. The trade was a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,220,797 shares of company stock worth $78,337,744. 2.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. N.E.W. Advisory Services LLC bought a new position in Interactive Brokers Group in the 1st quarter worth $26,000. ORG Partners LLC raised its holdings in shares of Interactive Brokers Group by 312.9% during the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 363 shares in the last quarter. Huntington National Bank lifted its position in Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 176 shares during the last quarter. Contravisory Investment Management Inc. grew its position in Interactive Brokers Group by 300.0% in the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 423 shares in the last quarter. Finally, Private Wealth Asset Management LLC boosted its holdings in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 435 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Trading Down 2.5%

Shares of NASDAQ IBKR opened at $69.86 on Friday. Interactive Brokers Group has a 12 month low of $32.82 and a 12 month high of $73.35. The firm has a market capitalization of $118.49 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 2.16 and a beta of 1.22. The business has a 50-day moving average of $66.84 and a 200-day moving average of $59.28.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm posted $1.61 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. On average, analysts predict that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is currently 15.38%.

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.