Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $92.00 Consensus Target Price from Brokerages

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $93.8889.

A number of brokerages have recently commented on IBKR. Piper Sandler set a $105.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday. 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 report on Monday, April 6th. Wolfe Research started coverage on Interactive Brokers Group in a research report on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price on the stock. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research note on Friday, May 1st. Finally, Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday.

Interactive Brokers Group Stock Down 1.8%

Shares of NASDAQ:IBKR opened at $90.53 on Wednesday. The firm has a market cap of $153.57 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 2.11 and a beta of 1.33. Interactive Brokers Group has a 12 month low of $58.95 and a 12 month high of $97.84. The company’s fifty day simple moving average is $89.43 and its 200 day simple moving average is $78.48.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.94 EPS. Research analysts expect that Interactive Brokers Group will post 2.55 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were given a $0.0875 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 1st. Interactive Brokers Group’s payout ratio is presently 15.09%.

Insider Activity at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the transaction, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Interactive Brokers Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBKR. Fiduciary Financial Group LLC increased its stake in Interactive Brokers Group by 3.1% in the second quarter. Fiduciary Financial Group LLC now owns 3,968 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 118 shares during the last quarter. HM Payson & Co. raised its position 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 valued at $155,000 after purchasing an additional 133 shares in 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. Gamco Investors INC. ET AL lifted its stake in Interactive Brokers Group by 0.9% during the first quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock worth $1,172,000 after purchasing an additional 150 shares during the last quarter. Finally, S&CO Inc. boosted its holdings in shares of Interactive Brokers Group by 0.3% in the 4th 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 in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Company Profile

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.