Interactive Brokers Group (NASDAQ:IBKR) Now Covered by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group (NASDAQ:IBKR) in a research report sent to investors on Wednesday, MarketBeat reports. The firm issued a market perform rating and a $75.00 price target on the financial services provider’s stock.

Several other equities analysts have also recently issued reports on the company. Barclays set a $83.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Jefferies Financial Group decreased their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, BMO Capital Markets lifted their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.97.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $72.31 on Wednesday. The business has a 50-day moving average of $70.59 and a 200 day moving average of $68.92. Interactive Brokers Group has a 12 month low of $36.22 and a 12 month high of $79.18. The stock has a market capitalization of $122.66 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating 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 company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business posted $0.51 EPS. Interactive Brokers Group’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities research analysts anticipate 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. Investors of record on Friday, February 27th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, February 27th. This represents a $0.32 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 14.48%.

Insiders Place Their Bets

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 400,000 shares of company stock worth $30,725,122 in the last three months. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Interactive Brokers Group

Several institutional investors have recently added to or reduced their stakes in the business. HM Payson & Co. lifted its stake in Interactive Brokers Group by 5.8% during the fourth quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 133 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in Interactive Brokers Group by 1.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock worth $738,000 after purchasing an additional 143 shares during the last quarter. Ballentine Partners LLC lifted its stake in Interactive Brokers Group by 1.0% during the third quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock worth $1,059,000 after purchasing an additional 145 shares during the last quarter. Caitlin John LLC lifted its stake in Interactive Brokers Group by 0.6% during the third quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock worth $1,734,000 after purchasing an additional 153 shares during the last quarter. Finally, S&CO Inc. lifted its stake in Interactive Brokers Group by 0.3% during the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock worth $4,056,000 after purchasing an additional 160 shares during the last quarter. 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.