Interactive Brokers Group (NASDAQ:IBKR) Given New $265.00 Price Target at UBS Group

Interactive Brokers Group (NASDAQ:IBKR) had its price objective lifted by UBS Group from $225.00 to $265.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also recently issued reports on IBKR. The Goldman Sachs Group increased their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Barclays raised their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Jefferies Financial Group increased their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods lifted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. Finally, Piper Sandler restated an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Stock Down 6.9 %

Shares of IBKR opened at $203.87 on Monday. Interactive Brokers Group has a 12 month low of $88.22 and a 12 month high of $220.66. The stock has a market cap of $86.14 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 1.49 and a beta of 0.87. The company has a 50-day moving average price of $186.51 and a two-hundred day moving average price of $153.89.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1,372,590.34 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. Interactive Brokers Group’s quarterly revenue was up 21.8% on a year-over-year basis. Equities research analysts expect that Interactive Brokers Group will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.49%. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. KG&L Capital Management LLC grew its holdings in Interactive Brokers Group by 2.5% during the 4th quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 60 shares during the period. Townsquare Capital LLC boosted its position in shares of Interactive Brokers Group by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock worth $760,000 after purchasing an additional 67 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Interactive Brokers Group by 0.3% during the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock worth $2,759,000 after purchasing an additional 69 shares during the period. Versant Capital Management Inc increased its holdings in Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares during the last quarter. Finally, Lebenthal Global Advisors LLC lifted its stake in Interactive Brokers Group by 1.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock valued at $1,270,000 after buying an additional 78 shares during the period. 23.80% of the stock is owned by 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.