Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Free Report) have been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $204.13.
A number of brokerages recently commented on IBKR. Citigroup increased their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays raised their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. StockNews.com upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, UBS Group boosted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th.
Get Our Latest Analysis on IBKR
Interactive Brokers Group Price Performance
IBKR opened at $164.72 on Thursday. Interactive Brokers Group has a 1-year low of $103.69 and a 1-year high of $236.53. The stock has a market cap of $69.61 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.59 and a beta of 0.99. The stock’s 50 day simple moving average is $201.93 and its 200 day simple moving average is $178.45.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company earned $1.52 earnings per share. Interactive Brokers Group’s revenue was up 21.8% compared to the same quarter last year. Research analysts expect that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.
Interactive Brokers Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.
Insiders Place Their Bets
In other news, Director Jill Bright acquired 135 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 2.99% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of Interactive Brokers Group by 8,249.3% in the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider’s stock valued at $263,950,000 after purchasing an additional 1,476,135 shares in the last quarter. Norges Bank acquired a new position in Interactive Brokers Group during the fourth quarter valued at approximately $229,316,000. Bank of America Corp DE lifted its position in Interactive Brokers Group by 91.4% during the fourth quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider’s stock valued at $413,226,000 after buying an additional 1,117,186 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Interactive Brokers Group during the fourth quarter worth approximately $120,046,000. Finally, Fullerton Fund Management Co Ltd. purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at $69,057,000. Institutional investors and hedge funds own 23.80% of the company’s stock.
About Interactive Brokers Group
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.
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