Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $200.00

Interactive Brokers Group (NASDAQ:IBKR) had its price objective hoisted by Piper Sandler from $163.00 to $200.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other analysts have also issued reports on IBKR. Barclays lifted their price target on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods boosted their price target on Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. The Goldman Sachs Group boosted 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. UBS Group boosted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group upped their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $177.63.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $190.89 on Tuesday. The firm has a market cap of $80.66 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. The firm’s fifty day moving average price is $180.71 and its 200 day moving average price is $147.56. Interactive Brokers Group has a 1-year low of $83.86 and a 1-year high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business earned $1.55 EPS. As a group, analysts expect that Interactive Brokers Group will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.25 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.52%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.27%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IBKR. Fulton Bank N.A. grew its holdings in shares of Interactive Brokers Group by 6.1% during the fourth quarter. Fulton Bank N.A. now owns 3,319 shares of the financial services provider’s stock valued at $586,000 after buying an additional 190 shares in the last quarter. Capital Market Strategies LLC bought a new stake in Interactive Brokers Group during the fourth quarter worth approximately $212,000. GAMMA Investing LLC raised its holdings in Interactive Brokers Group by 32.6% in the 4th quarter. GAMMA Investing LLC now owns 1,900 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 467 shares during the period. Versant Capital Management Inc lifted its position in shares of Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 71 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Interactive Brokers Group by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock worth $559,821,000 after acquiring an additional 11,379 shares during the period. 23.80% of the stock is owned by hedge funds and other 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.