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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has received an average rating of “Buy” from the nine research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $76.3929.

IBKR has been the topic of several analyst reports. CICC Research began coverage on Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. BMO Capital Markets increased their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Barclays set a $83.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st.

Interactive Brokers Group Trading Up 2.3%

NASDAQ IBKR opened at $74.75 on Friday. The firm’s 50 day simple moving average is $70.31 and its 200 day simple moving average is $67.40. The firm has a market capitalization of $126.79 billion, a price-to-earnings ratio of 33.75, a P/E/G ratio of 2.09 and a beta of 1.24. Interactive Brokers Group has a 1 year low of $32.82 and a 1 year high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. On average, equities research 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 will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is currently 14.48%.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 400,000 shares of company stock valued at $30,725,122. Company insiders own 2.97% of the company’s stock.

Institutional Trading of Interactive Brokers Group

Large investors have recently added to or reduced their stakes in the stock. National Pension Service raised its position in Interactive Brokers Group by 2.2% during the third quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock valued at $48,692,000 after purchasing an additional 15,339 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Interactive Brokers Group by 36.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock valued at $1,777,000 after purchasing an additional 7,234 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of Interactive Brokers Group by 15.0% in the 3rd quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock valued at $8,285,000 after purchasing an additional 15,684 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Interactive Brokers Group by 1,221.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock worth $5,073,000 after buying an additional 68,148 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new stake in shares of Interactive Brokers Group during the 3rd quarter worth $2,468,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.