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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has received an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $143.00.

Several research analysts recently weighed in on IBKR shares. Jefferies Financial Group upped their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Barclays decreased their target price on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. UBS Group increased their price objective 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, Piper Sandler reissued an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th.

Institutional Investors Weigh In On Interactive Brokers Group

Several institutional investors have recently bought and sold shares of the company. Tortoise Investment Management LLC raised its holdings in shares of Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new position in Interactive Brokers Group in the 2nd quarter valued at about $32,000. UMB Bank n.a. boosted its holdings in Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 224 shares during the last quarter. Smithfield Trust Co raised its stake in shares of Interactive Brokers Group by 80.6% in the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 154 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at approximately $49,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 2.0 %

Shares of IBKR opened at $191.71 on Friday. The firm has a market cap of $81.00 billion, a PE ratio of 29.27, a P/E/G ratio of 1.45 and a beta of 0.79. Interactive Brokers Group has a 1-year low of $72.60 and a 1-year high of $192.25. The firm has a fifty day simple moving average of $152.79 and a two-hundred day simple moving average of $132.93.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter last year, the company earned $1.55 earnings per share. As a group, research analysts forecast that Interactive Brokers Group will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.25 dividend. The ex-dividend date is 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%.

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.