Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is $124.00.

A number of research analysts have weighed in on IBKR shares. Piper Sandler increased their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Citigroup raised their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Barclays boosted their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, Bank of America boosted their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th.

Hedge Funds Weigh In On Interactive Brokers Group

Several hedge funds have recently modified their holdings of the stock. AIA Group Ltd bought a new position in Interactive Brokers Group during the fourth quarter valued at approximately $1,840,000. International Assets Investment Management LLC bought a new stake in Interactive Brokers Group in the fourth quarter worth $7,841,000. Teachers Retirement System of The State of Kentucky raised its stake in Interactive Brokers Group by 93.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider’s stock valued at $3,044,000 after purchasing an additional 16,996 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in Interactive Brokers Group during the fourth quarter valued at $1,910,000. Finally, TimesSquare Capital Management LLC grew its stake in shares of Interactive Brokers Group by 6.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 808,806 shares of the financial services provider’s stock worth $67,050,000 after buying an additional 50,035 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 0.7 %

Interactive Brokers Group stock opened at $121.06 on Tuesday. The firm has a market cap of $50.98 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.20 and a beta of 0.82. The stock has a fifty day simple moving average of $120.80 and a two-hundred day simple moving average of $106.02. Interactive Brokers Group has a 12 month low of $72.60 and a 12 month high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.01. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. On average, equities research analysts forecast that Interactive Brokers Group will post 6.59 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.25 per share. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Friday, May 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

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.