Interactive Brokers Group (NASDAQ:IBKR) Hits New 12-Month High – Should You Buy?

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) hit a new 52-week high on Thursday . The company traded as high as $73.95 and last traded at $74.3050, with a volume of 447656 shares trading hands. The stock had previously closed at $71.35.

Analysts Set New Price Targets

Several brokerages recently issued reports on IBKR. CICC Research began coverage on Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Barclays set a $82.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Thursday, January 8th. Finally, Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average target price of $75.25.

Interactive Brokers Group Price Performance

The stock has a market capitalization of $127.38 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 1.99 and a beta of 1.24. The stock’s 50 day simple moving average is $66.25 and its 200-day simple moving average is $65.15.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the business posted $1.61 EPS. Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright bought 400 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were bought at an average cost of $65.95 per share, for a total transaction of $26,380.00. Following the completion of the acquisition, the director directly owned 10,304 shares in the company, valued at approximately $679,548.80. This represents a 4.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence E. Harris sold 22,000 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total value of $1,487,860.00. Following the sale, the director owned 231,704 shares of the company’s stock, valued at approximately $15,670,141.52. This trade represents a 8.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 55,000 shares of company stock worth $3,767,363 over the last three months. Company insiders own 2.97% of the company’s stock.

Institutional Trading of Interactive Brokers Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in Interactive Brokers Group in the 3rd quarter valued at $27,000. ORG Partners LLC boosted its holdings in Interactive Brokers Group by 312.9% during the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 363 shares during the period. Huntington National Bank grew its position in shares of Interactive Brokers Group by 51.8% in the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 176 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in shares of Interactive Brokers Group by 300.0% in the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 423 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth about $32,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.