Interactive Brokers Group (NASDAQ:IBKR) Rating Reiterated by Piper Sandler

Piper Sandler restated their overweight rating on shares of Interactive Brokers Group (NASDAQ:IBKR) in a research report released on Wednesday morning, Benzinga reports. Piper Sandler currently has a $163.00 price objective on the financial services provider’s stock.

Other research analysts have also issued reports about the company. Jefferies Financial Group raised their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their target price for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. UBS Group boosted their price target 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. Finally, Barclays increased their price objective on shares of Interactive Brokers Group from $147.00 to $166.00 and gave the company an “overweight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Trading Down 0.4 %

NASDAQ IBKR opened at $148.81 on Wednesday. The company has a 50-day moving average price of $132.77 and a two-hundred day moving average price of $124.40. Interactive Brokers Group has a 52 week low of $72.60 and a 52 week high of $154.75. The stock has a market cap of $62.66 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. As a group, equities research analysts expect that Interactive Brokers Group will post 6.92 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.67%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Interactive Brokers Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock valued at $803,306,000 after purchasing an additional 123,226 shares during the last quarter. Greenwich Wealth Management LLC raised its stake in shares of Interactive Brokers Group by 0.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock valued at $365,271,000 after buying an additional 8,038 shares in the last quarter. Bares Capital Management Inc. raised its position in Interactive Brokers Group by 10.4% in the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock worth $313,920,000 after purchasing an additional 264,543 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Interactive Brokers Group by 23.8% in the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after buying an additional 481,826 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Interactive Brokers Group by 1,292.1% during the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after purchasing an additional 1,004,289 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.