Interactive Brokers Group (NASDAQ:IBKR) Sets New 1-Year High – What’s Next?

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $155.13 and last traded at $154.85, with a volume of 39858 shares trading hands. The stock had previously closed at $153.78.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IBKR. UBS Group increased their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Barclays reduced their target price on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. 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 report on Thursday, July 11th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group Price Performance

The stock’s 50 day simple moving average is $138.72 and its two-hundred day simple moving average is $127.12. The stock has a market capitalization of $65.25 billion, a PE ratio of 23.48, a PEG ratio of 1.18 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.82%. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company posted $1.55 earnings per share. As a group, equities research analysts predict that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.65%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.27%.

Institutional Trading of Interactive Brokers Group

Large investors have recently modified their holdings of the business. Greenwich Wealth Management LLC increased its holdings 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. boosted its holdings in shares of Interactive Brokers Group by 10.4% in the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock worth $313,920,000 after purchasing an additional 264,543 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after buying an additional 481,826 shares in the last quarter. Millennium Management LLC lifted its position in Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after buying an additional 1,004,289 shares during the last quarter. Finally, Bamco Inc. NY boosted its stake in Interactive Brokers Group by 3.7% in the first quarter. Bamco Inc. NY now owns 764,968 shares of the financial services provider’s stock worth $85,455,000 after buying an additional 27,434 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.