Interactive Brokers Group (NASDAQ:IBKR) Trading Down 1.2%

Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s stock price dropped 1.2% on Friday . The stock traded as low as $122.00 and last traded at $122.58. Approximately 207,972 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 1,022,777 shares. The stock had previously closed at $124.10.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of research reports. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. UBS Group increased their target price on Interactive Brokers Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Barclays lifted their price target on Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Finally, Jefferies Financial Group increased their price objective on Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.33.

Interactive Brokers Group Stock Performance

The business has a 50 day moving average price of $120.57 and a two-hundred day moving average price of $115.98. The company has a market cap of $51.87 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.07 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm posted $1.32 earnings per share. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 6.76 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.09%.

Hedge Funds Weigh In On Interactive Brokers Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Interactive Brokers Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock valued at $803,306,000 after purchasing an additional 123,226 shares during the period. Greenwich Wealth Management LLC grew its position in shares of Interactive Brokers Group by 0.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock worth $365,271,000 after buying an additional 8,038 shares during the last quarter. Bares Capital Management Inc. increased its stake in shares of Interactive Brokers Group by 10.4% during the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock valued at $313,920,000 after buying an additional 264,543 shares during the period. Marshall Wace LLP raised its holdings in shares of Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after acquiring an additional 481,826 shares in the last quarter. Finally, Norges Bank purchased a new stake in Interactive Brokers Group in the fourth quarter worth $97,476,000. 23.80% of the stock is owned by institutional investors.

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.