Interactive Brokers Group (NASDAQ:IBKR) Price Target Lowered to $81.00 at Jefferies Financial Group

Interactive Brokers Group (NASDAQ:IBKR) had its price target reduced by Jefferies Financial Group from $91.00 to $81.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other analysts have also recently commented on the stock. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Barclays set a $83.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Finally, BMO Capital Markets boosted their price target 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. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $76.97.

Interactive Brokers Group Stock Performance

IBKR opened at $68.62 on Monday. Interactive Brokers Group has a fifty-two week low of $32.82 and a fifty-two week high of $79.18. The firm’s fifty day moving average is $70.80 and its 200 day moving average is $68.88. The stock has a market cap of $116.40 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company earned $0.51 EPS. Interactive Brokers Group’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, equities research analysts predict that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, February 27th. Interactive Brokers Group’s dividend payout ratio is currently 14.48%.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 400,000 shares of company stock worth $30,725,122. 2.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Interactive Brokers Group

Hedge funds have recently made changes to their positions in the business. Reflection Asset Management purchased a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $26,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at about $27,000. IMA Advisory Services Inc. raised its position in shares of Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after buying an additional 178 shares in the last quarter. Tobam bought a new position in Interactive Brokers Group during the 4th quarter valued at about $30,000. Finally, Entrust Financial LLC bought a new position in Interactive Brokers Group during the 4th quarter valued at about $31,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

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.