Interactive Brokers Group, Inc. (NASDAQ:IBKR) Given Consensus Recommendation of “Buy” by Brokerages

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has received an average rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have covered the stock in the last year is $124.00.

A number of equities research analysts have recently weighed in on IBKR shares. Piper Sandler boosted their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Citigroup upped their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Barclays lifted their price target on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Jefferies Financial Group increased their price objective on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Bank of America lifted their target price on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th.

Institutional Investors Weigh In On Interactive Brokers Group

Several large investors have recently modified their holdings of the business. Cetera Advisors LLC bought a new position in shares of Interactive Brokers Group during the 1st quarter valued at about $523,000. Cetera Investment Advisers raised its holdings in Interactive Brokers Group by 141.7% during the 1st quarter. Cetera Investment Advisers now owns 42,048 shares of the financial services provider’s stock worth $4,697,000 after buying an additional 24,648 shares during the period. LRI Investments LLC bought a new position in Interactive Brokers Group in the first quarter valued at approximately $198,000. SkyView Investment Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 33.9% in the first quarter. SkyView Investment Advisors LLC now owns 34,414 shares of the financial services provider’s stock valued at $3,844,000 after buying an additional 8,722 shares during the period. Finally, Tidal Investments LLC increased its position in shares of Interactive Brokers Group by 143.0% during the first quarter. Tidal Investments LLC now owns 28,225 shares of the financial services provider’s stock worth $3,146,000 after acquiring an additional 16,609 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Trading Down 0.3 %

IBKR opened at $122.60 on Tuesday. Interactive Brokers Group has a 1-year low of $72.60 and a 1-year high of $129.19. The stock has a market capitalization of $51.62 billion, a PE ratio of 20.96, a PEG ratio of 1.22 and a beta of 0.82. The firm has a 50-day moving average price of $121.84 and a two-hundred day moving average price of $106.96.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.01. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, research analysts predict that Interactive Brokers Group will post 6.59 EPS for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.25 per share. The ex-dividend date was Friday, May 31st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a yield of 0.82%. Interactive Brokers Group’s payout ratio is currently 17.09%.

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.