Interactive Brokers Group (NASDAQ:IBKR) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Interactive Brokers Group, Inc. (NASDAQ:IBKR) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $187.50 and traded as high as $208.30. Interactive Brokers Group shares last traded at $206.61, with a volume of 967,919 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IBKR. Barclays lifted their price objective on Interactive Brokers Group from $188.00 to $193.00 and gave the company an “overweight” rating in a research report on Wednesday, April 16th. Citigroup reduced their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $212.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Wall Street Zen raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, UBS Group lifted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $213.50.

Interactive Brokers Group Price Performance

The company has a fifty day simple moving average of $175.93 and a two-hundred day simple moving average of $187.60. The company has a market capitalization of $87.31 billion, a P/E ratio of 29.26, a price-to-earnings-growth ratio of 1.59 and a beta of 1.19.

Interactive Brokers Group’s stock is scheduled to split on the morning of Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.04). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 30th. This is a positive change from Interactive Brokers Group’s previous dividend of $0.10. Interactive Brokers Group’s payout ratio is presently 17.32%.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors have recently made changes to their positions in the business. N.E.W. Advisory Services LLC bought a new position in Interactive Brokers Group during the first quarter valued at about $26,000. SRH Advisors LLC bought a new position in Interactive Brokers Group during the fourth quarter valued at about $28,000. Blue Trust Inc. increased its stake in Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 88 shares during the period. Rialto Wealth Management LLC bought a new position in Interactive Brokers Group during the fourth quarter valued at about $33,000. Finally, Aster Capital Management DIFC Ltd increased its stake in Interactive Brokers Group by 39.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 53 shares during the period. 23.80% of the stock is currently owned by institutional investors.

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.