Interactive Brokers Group (NASDAQ:IBKR) Given New $190.00 Price Target at Keefe, Bruyette & Woods

Interactive Brokers Group (NASDAQ:IBKR) had its target price hoisted by Keefe, Bruyette & Woods from $152.00 to $190.00 in a research report report published on Friday morning,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

IBKR has been the subject of several other reports. The Goldman Sachs Group lifted their target price 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. Piper Sandler reiterated an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Barclays lifted their target price on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. UBS Group increased their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, 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 report on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

Interactive Brokers Group Trading Up 1.2 %

IBKR opened at $175.92 on Friday. The firm has a 50 day moving average of $171.53 and a two-hundred day moving average of $141.77. The firm has a market capitalization of $74.33 billion, a PE ratio of 26.86, a P/E/G ratio of 1.42 and a beta of 0.85. Interactive Brokers Group has a 12-month low of $80.92 and a 12-month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter in the previous year, the company earned $1.55 EPS. As a group, analysts predict that Interactive Brokers Group will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group’s payout ratio is 15.27%.

Hedge Funds Weigh In On Interactive Brokers Group

Several institutional investors have recently bought and sold shares of IBKR. Townsquare Capital LLC boosted its stake in shares of Interactive Brokers Group by 1.2% in the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock valued at $760,000 after purchasing an additional 67 shares during the period. TD Private Client Wealth LLC boosted its position in Interactive Brokers Group by 0.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after buying an additional 69 shares during the period. Prime Capital Investment Advisors LLC grew its stake in shares of Interactive Brokers Group by 3.7% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 97 shares in the last quarter. Boston Financial Mangement LLC increased its position in shares of Interactive Brokers Group by 5.4% during the third quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 100 shares during the period. Finally, First Citizens Bank & Trust Co. increased its position in shares of Interactive Brokers Group by 5.6% during the third quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 107 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

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.