Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $143.00 Average PT from Analysts

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $143.00.

Several research analysts have weighed in on IBKR shares. Jefferies Financial Group raised their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. UBS Group lifted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Barclays cut their price objective on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, 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.

Interactive Brokers Group Trading Up 0.9 %

IBKR opened at $154.24 on Monday. The company has a fifty day simple moving average of $137.54 and a 200 day simple moving average of $126.49. The firm has a market cap of $64.95 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.15 and a beta of 0.80. Interactive Brokers Group has a twelve month low of $72.60 and a twelve month high of $154.75.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results 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). The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.82%. During the same period in the previous year, the business posted $1.55 earnings per share. On average, analysts forecast that Interactive Brokers Group will post 6.89 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.65%. Interactive Brokers Group’s payout ratio is currently 17.09%.

Institutional Trading of Interactive Brokers Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. grew its position in Interactive Brokers Group by 13.1% during the third quarter. QRG Capital Management Inc. now owns 5,497 shares of the financial services provider’s stock valued at $766,000 after purchasing an additional 638 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in shares of Interactive Brokers Group in the third quarter worth $222,000. KG&L Capital Management LLC acquired a new position in Interactive Brokers Group during the 3rd quarter valued at $330,000. Robeco Institutional Asset Management B.V. acquired a new position in Interactive Brokers Group during the 3rd quarter valued at $8,362,000. Finally, Janney Montgomery Scott LLC raised its stake in Interactive Brokers Group by 0.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 76,738 shares of the financial services provider’s stock valued at $10,694,000 after purchasing an additional 278 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

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.