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

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have earned an average rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $76.3929.

IBKR has been the topic of a number of analyst reports. BMO Capital Markets raised their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th.

Insider Transactions at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total value of $11,288,250.00. Following the completion of the sale, the insider directly owned 155,000 shares in the company, valued at $12,066,750. The trade was a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 400,000 shares of company stock worth $30,725,122 in the last quarter. Corporate insiders own 2.97% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Meadowbrook Advisors Group LLC purchased a new position in Interactive Brokers Group during the fourth quarter valued at $247,000. DUTCH ASSET Corp purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth about $3,424,000. Corient Private Wealth LLC raised its position in shares of Interactive Brokers Group by 19.3% during the 4th quarter. Corient Private Wealth LLC now owns 88,886 shares of the financial services provider’s stock worth $5,717,000 after purchasing an additional 14,378 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Interactive Brokers Group by 24.3% during the 4th quarter. Hsbc Holdings PLC now owns 1,120,539 shares of the financial services provider’s stock worth $72,299,000 after purchasing an additional 219,180 shares during the last quarter. Finally, SHP Wealth Management purchased a new position in Interactive Brokers Group in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $68.39 on Thursday. The business’s 50-day moving average is $72.62 and its two-hundred day moving average is $68.29. The company has a market capitalization of $116.00 billion, a P/E ratio of 30.88, a P/E/G ratio of 1.92 and a beta of 1.23. Interactive Brokers Group has a fifty-two week low of $32.82 and a fifty-two week 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 analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The company’s revenue was up 18.5% compared to the same quarter last year. Analysts forecast that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, February 27th. Interactive Brokers Group’s payout ratio is currently 14.48%.

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.