Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $200.00 at Piper Sandler

Interactive Brokers Group (NASDAQ:IBKR) had its target price raised by Piper Sandler from $163.00 to $200.00 in a research note released on Tuesday,Benzinga reports. Piper Sandler currently has an overweight rating on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods increased their price objective on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. UBS Group increased their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group increased their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Barclays lifted their price objective on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.63.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $190.89 on Tuesday. Interactive Brokers Group has a twelve month low of $83.86 and a twelve month high of $193.42. The firm has a market cap of $80.66 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. The business has a fifty day moving average of $180.71 and a 200-day moving average of $147.56.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data 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 return on equity of 4.83% and a net margin of 7.89%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. On average, analysts anticipate 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. Stockholders of record on Friday, November 29th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

Hedge Funds Weigh In On Interactive Brokers Group

Several institutional investors and hedge funds have recently modified their holdings of IBKR. Versant Capital Management Inc boosted its holdings in Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares during the period. Fairfield Financial Advisors LTD acquired a new stake in shares of Interactive Brokers Group in the second quarter valued at approximately $32,000. UMB Bank n.a. raised its position in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after buying an additional 224 shares in the last quarter. Smithfield Trust Co boosted its stake in shares of Interactive Brokers Group by 80.6% in the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after buying an additional 154 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Interactive Brokers Group during the third quarter worth approximately $49,000. 23.80% of the stock is currently 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.