Interactive Brokers Group (NASDAQ:IBKR) Reaches New 52-Week High – Here’s Why

Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $235.86 and last traded at $232.46, with a volume of 187078 shares traded. The stock had previously closed at $230.20.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IBKR shares. The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler restated an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Citigroup lifted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Keefe, Bruyette & Woods increased their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Finally, Barclays lifted their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Price Performance

The firm has a fifty day moving average of $196.38 and a 200 day moving average of $163.47. The stock has a market capitalization of $98.92 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the company earned $1.52 EPS. The business’s revenue was up 21.8% on a year-over-year basis. Research analysts predict that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.16%.

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.21% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its position in shares of Interactive Brokers Group by 8,249.3% in the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider’s stock valued at $263,950,000 after purchasing an additional 1,476,135 shares during the period. Norges Bank acquired a new stake in Interactive Brokers Group in the 4th quarter worth about $229,316,000. Raymond James Financial Inc. purchased a new stake in Interactive Brokers Group during the 4th quarter worth approximately $120,046,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Interactive Brokers Group during the 3rd quarter worth approximately $83,630,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Interactive Brokers Group by 59.6% during the fourth quarter. Renaissance Technologies LLC now owns 604,910 shares of the financial services provider’s stock valued at $106,869,000 after acquiring an additional 225,910 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.