Interactive Brokers Group, Inc. (NASDAQ:IBKR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $93.8889.

A number of analysts have recently weighed in on the stock. Piper Sandler set a $105.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods assumed coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective for the company. China Renaissance began coverage on Interactive Brokers Group in a research note on Tuesday, July 7th. They set a “hold” rating for the company. Wolfe Research initiated coverage on Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price on the stock. Finally, BMO Capital Markets lifted their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $90.53 on Wednesday. The stock has a market cap of $153.57 billion, a P/E ratio of 39.02, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33. Interactive Brokers Group has a 1 year low of $58.95 and a 1 year high of $97.84. The stock has a 50 day simple moving average of $89.43 and a 200 day simple moving average of $78.57.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.Interactive Brokers Group’s revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the business earned $1.94 earnings per share. Analysts forecast that Interactive Brokers Group will post 2.55 EPS for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were paid a dividend of $0.0875 per share. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 15.09%.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

Several hedge funds and other institutional investors have recently made changes to their positions in IBKR. Reflection Asset Management acquired a new position in Interactive Brokers Group during the 4th quarter worth approximately $26,000. IMA Advisory Services Inc. boosted its position in Interactive Brokers Group by 64.3% in the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after buying an additional 178 shares in the last quarter. Tobam acquired a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $30,000. Entrust Financial LLC bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $31,000. Finally, SHP Wealth Management bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $31,000. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Company Profile

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.