Interactive Brokers Group (NASDAQ:IBKR) Price Target Lowered to $165.00 at Barclays

Interactive Brokers Group (NASDAQ:IBKR) had its price objective cut by Barclays from $166.00 to $165.00 in a report issued on Wednesday, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

IBKR has been the topic of several other research reports. Piper Sandler reiterated an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday. UBS Group lifted their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Finally, Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

Interactive Brokers Group Trading Down 0.4 %

IBKR stock opened at $148.81 on Wednesday. The stock has a market capitalization of $62.66 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.34 and a beta of 0.80. Interactive Brokers Group has a 12-month low of $72.60 and a 12-month high of $154.75. The firm’s 50-day moving average price is $132.77 and its two-hundred day moving average price is $124.40.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm posted $1.55 earnings per share. Equities analysts predict that Interactive Brokers Group will post 6.92 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.67%. Interactive Brokers Group’s payout ratio is currently 17.09%.

Institutional Investors Weigh In On Interactive Brokers Group

Large investors have recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC raised its position in Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 111 shares during the period. Fairfield Financial Advisors LTD purchased a new stake in shares of Interactive Brokers Group during the second quarter worth about $32,000. Rise Advisors LLC purchased a new stake in shares of Interactive Brokers Group during the first quarter worth about $30,000. UMB Bank n.a. raised its stake in Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 224 shares during the period. Finally, Kapitalo Investimentos Ltda lifted its holdings in Interactive Brokers Group by 278.0% in the 4th quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 353 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

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.