Piper Sandler Issues Positive Forecast for Interactive Brokers Group (NASDAQ:IBKR) Stock Price

Interactive Brokers Group (NASDAQ:IBKR) had its price objective hoisted by Piper Sandler from $163.00 to $200.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the company. Barclays raised their target price on Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Jefferies Financial Group boosted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods upped their target price on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, 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 report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average target price of $177.63.

Interactive Brokers Group Stock Up 0.6 %

NASDAQ IBKR opened at $191.17 on Tuesday. The firm has a market cap of $80.77 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. The company’s 50 day moving average is $179.21 and its 200-day moving average is $146.95. Interactive Brokers Group has a 12-month low of $83.86 and a 12-month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. Equities analysts expect that Interactive Brokers Group will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group’s payout ratio is currently 15.27%.

Hedge Funds Weigh In On Interactive Brokers Group

Several institutional investors and hedge funds have recently made changes to their positions in IBKR. Versant Capital Management Inc boosted its position in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the period. Fairfield Financial Advisors LTD purchased a new stake in Interactive Brokers Group during the 2nd quarter valued at about $32,000. UMB Bank n.a. grew its position 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 worth $40,000 after acquiring an additional 224 shares during the last quarter. Smithfield Trust Co increased its stake in Interactive Brokers Group by 80.6% in the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 154 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in Interactive Brokers Group in the third quarter valued at approximately $49,000. Institutional investors 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.