Analysts Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Price Target at $143.00

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $143.00.

A number of brokerages have weighed in on IBKR. Barclays decreased their target price on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. UBS Group upped their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Piper Sandler reissued an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th.

Hedge Funds Weigh In On Interactive Brokers Group

Large investors have recently added to or reduced their stakes in the business. Townsquare Capital LLC grew its stake in shares of Interactive Brokers Group by 1.2% during the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock valued at $760,000 after buying an additional 67 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in Interactive Brokers Group by 0.3% during 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 acquiring an additional 69 shares during the period. Prime Capital Investment Advisors LLC grew its position in Interactive Brokers Group by 3.7% during the 3rd 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 during the last quarter. Boston Financial Mangement LLC increased its stake in Interactive Brokers Group by 5.4% in the 3rd quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 100 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its position in Interactive Brokers Group by 5.6% in the third quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 0.0 %

IBKR stock opened at $191.62 on Friday. The firm has a 50 day moving average of $154.06 and a 200-day moving average of $133.60. The firm has a market capitalization of $80.96 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. Interactive Brokers Group has a 12 month low of $72.60 and a 12 month high of $193.21.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly 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). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the firm earned $1.55 earnings per share. Sell-side analysts predict that Interactive Brokers Group will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

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.