Interactive Brokers Group (NASDAQ:IBKR) Given New $215.00 Price Target at Citigroup

Interactive Brokers Group (NASDAQ:IBKR) had its price objective reduced by Citigroup from $242.00 to $215.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods increased their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. StockNews.com downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Barclays increased their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.50.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $174.31 on Wednesday. The business’s 50-day moving average is $200.34 and its two-hundred day moving average is $179.42. The firm has a market capitalization of $73.66 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Interactive Brokers Group has a 12 month low of $103.69 and a 12 month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 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 last year, the business posted $1.52 EPS. Equities analysts anticipate that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of the stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBKR. Cerity Partners LLC boosted its holdings in shares of Interactive Brokers Group by 60.2% during the third quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 1,146 shares during the period. FMR LLC boosted its stake in Interactive Brokers Group by 12.2% during the 3rd quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock valued at $152,543,000 after purchasing an additional 119,187 shares during the period. Townsquare Capital LLC grew its position in Interactive Brokers Group by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock worth $760,000 after purchasing an additional 67 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Interactive Brokers Group by 1.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,250 shares of the financial services provider’s stock valued at $3,240,000 after purchasing an additional 237 shares during the period. Finally, Benjamin Edwards Inc. raised its holdings in shares of Interactive Brokers Group by 487.4% during the third quarter. Benjamin Edwards Inc. now owns 2,931 shares of the financial services provider’s stock valued at $409,000 after buying an additional 2,432 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.