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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $166.13.

IBKR has been the topic of several research reports. Piper Sandler restated an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. UBS Group boosted their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Barclays lifted their price target on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IBKR. Wealth Enhancement Advisory Services LLC raised its stake in Interactive Brokers Group by 3.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,473 shares of the financial services provider’s stock worth $1,774,000 after buying an additional 511 shares during the period. Raymond James & Associates lifted its holdings in shares of Interactive Brokers Group by 3.9% in the 2nd quarter. Raymond James & Associates now owns 430,795 shares of the financial services provider’s stock worth $52,815,000 after purchasing an additional 16,247 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in Interactive Brokers Group in the 2nd quarter valued at $233,000. Fifth Third Wealth Advisors LLC acquired a new stake in Interactive Brokers Group in the 2nd quarter valued at $436,000. Finally, Griffin Asset Management Inc. bought a new stake in Interactive Brokers Group during the 2nd quarter valued at $436,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $180.20 on Tuesday. The company’s 50 day moving average price is $169.42 and its two-hundred day moving average price is $140.47. The firm has a market capitalization of $76.14 billion, a P/E ratio of 27.51, a P/E/G ratio of 1.42 and a beta of 0.85. Interactive Brokers Group has a fifty-two week low of $80.00 and a fifty-two week high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business earned $1.55 EPS. On average, analysts expect that Interactive Brokers Group will post 6.82 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.27%.

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.