Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $204.13 Average PT from Brokerages

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $204.13.

A number of research firms recently issued reports on IBKR. UBS Group boosted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Citigroup upped their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. The Goldman Sachs Group upped their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Barclays upped their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Piper Sandler restated an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd.

Interactive Brokers Group Trading Down 3.6 %

IBKR stock opened at $189.70 on Friday. The stock has a market cap of $80.15 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.59 and a beta of 0.89. The stock’s fifty day simple moving average is $205.45 and its two-hundred day simple moving average is $172.60. Interactive Brokers Group has a 1-year low of $103.69 and a 1-year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the company posted $1.52 earnings per share. The business’s revenue was up 21.8% on a year-over-year basis. As a group, analysts forecast that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s payout ratio is currently 14.16%.

Insider Transactions at Interactive Brokers Group

In other news, Director Jill Bright acquired 135 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.21% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

Several institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in Interactive Brokers Group by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock valued at $559,821,000 after acquiring an additional 11,379 shares during the period. Cantillon Capital Management LLC boosted its holdings in Interactive Brokers Group by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock valued at $599,917,000 after acquiring an additional 18,047 shares during the period. State Street Corp boosted its holdings in Interactive Brokers Group by 1.7% during the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after acquiring an additional 52,911 shares during the period. Bank of America Corp DE boosted its holdings in Interactive Brokers Group by 91.4% during the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider’s stock valued at $413,226,000 after acquiring an additional 1,117,186 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Interactive Brokers Group by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider’s stock valued at $399,205,000 after acquiring an additional 193,497 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

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.