Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $203.50.

IBKR has been the topic of a number of recent research reports. Piper Sandler restated an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased 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 research note on Monday, January 13th. StockNews.com cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Citigroup cut their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday. Finally, UBS Group lifted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th.

Interactive Brokers Group Stock Performance

IBKR stock opened at $174.31 on Thursday. Interactive Brokers Group has a 52 week low of $103.69 and a 52 week high of $236.53. The company 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. The company’s 50-day simple moving average is $200.34 and its 200 day simple moving average is $179.42.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The business’s revenue was up 21.8% compared to the same quarter last year. On average, analysts forecast that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

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

Insider Transactions at Interactive Brokers Group

In other news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.99% of the company’s stock.

Institutional Trading of Interactive Brokers Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pathstone Holdings LLC boosted its position in Interactive Brokers Group by 7.0% during the 3rd quarter. Pathstone Holdings LLC now owns 12,348 shares of the financial services provider’s stock worth $1,721,000 after buying an additional 811 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Interactive Brokers Group by 34.3% during the third quarter. Advisors Asset Management Inc. now owns 3,744 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 957 shares during the period. Cerity Partners LLC lifted 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 worth $425,000 after purchasing an additional 1,146 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Interactive Brokers Group in the third quarter worth $586,000. Finally, FMR LLC increased its holdings in Interactive Brokers Group by 12.2% in the third 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. 23.80% of the stock is currently owned by institutional investors.

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.