UBS Group Forecasts Strong Price Appreciation for Interactive Brokers Group (NASDAQ:IBKR) Stock

Interactive Brokers Group (NASDAQ:IBKR) had its price target hoisted by UBS Group from $225.00 to $265.00 in a research note issued to investors on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the financial services provider’s stock.

Other analysts also recently issued reports about the stock. Barclays raised their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. The Goldman Sachs Group upped their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Jefferies Financial Group lifted their price target 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. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Stock Down 6.9 %

IBKR opened at $203.87 on Monday. The stock has a market cap of $86.14 billion, a P/E ratio of 28.88, a P/E/G ratio of 1.49 and a beta of 0.87. Interactive Brokers Group has a 12 month low of $88.22 and a 12 month high of $220.66. The company has a fifty day simple moving average of $186.51 and a 200 day simple moving average of $153.89.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1,372,590.34 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 earnings per share. On average, equities research analysts expect that Interactive Brokers Group will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. Interactive Brokers Group’s dividend payout ratio is 14.16%.

Institutional Trading of Interactive Brokers Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Donoghue Forlines LLC bought a new position in Interactive Brokers Group in the fourth quarter valued at approximately $2,088,000. Aurora Investment Counsel acquired a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at approximately $1,693,000. Friedenthal Financial bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at $775,000. Versor Investments LP acquired a new position in Interactive Brokers Group during the third quarter worth $474,000. Finally, Caldwell Investment Management Ltd. bought a new stake in Interactive Brokers Group during the fourth quarter worth $1,215,000. Institutional investors and hedge funds 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.