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

Interactive Brokers Group, Inc. (NASDAQ:IBKRGet Rating) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $107.33.

Several research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Interactive Brokers Group from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, April 19th. StockNews.com started coverage on shares of Interactive Brokers Group in a report on Thursday. They issued a “hold” rating on the stock. Bank of America increased their price target on shares of Interactive Brokers Group from $138.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. Piper Sandler reduced their price target on shares of Interactive Brokers Group from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, April 19th. Finally, Barclays dropped their price objective on shares of Interactive Brokers Group from $102.00 to $99.00 and set an “overweight” rating on the stock in a research note on Friday, April 14th.

Insider Transactions at Interactive Brokers Group

In related news, Director Philip Uhde sold 108,844 shares of the business’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $81.77, for a total value of $8,900,173.88. Following the sale, the director now directly owns 2,270 shares in the company, valued at approximately $185,617.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.34% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

A number of institutional investors and hedge funds have recently made changes to their positions in IBKR. JPMorgan Chase & Co. lifted its stake in Interactive Brokers Group by 33.5% in the first quarter. JPMorgan Chase & Co. now owns 160,658 shares of the financial services provider’s stock valued at $10,589,000 after buying an additional 40,304 shares during the last quarter. American Century Companies Inc. grew its holdings in Interactive Brokers Group by 213.5% in the 1st quarter. American Century Companies Inc. now owns 13,796 shares of the financial services provider’s stock valued at $909,000 after buying an additional 9,395 shares during the period. HighTower Advisors LLC lifted its stake in shares of Interactive Brokers Group by 10.7% in the 1st quarter. HighTower Advisors LLC now owns 3,966 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 384 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Interactive Brokers Group by 14.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,199 shares of the financial services provider’s stock worth $278,000 after acquiring an additional 532 shares in the last quarter. Finally, Natixis Advisors L.P. acquired a new position in Interactive Brokers Group during the 1st quarter worth approximately $699,000. 97.84% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 0.4 %

Interactive Brokers Group stock opened at $75.42 on Monday. Interactive Brokers Group has a twelve month low of $52.43 and a twelve month high of $90.19. The company has a market capitalization of $31.65 billion, a P/E ratio of 17.06, a P/E/G ratio of 0.45 and a beta of 0.78. The firm has a 50 day moving average price of $78.77 and a 200-day moving average price of $78.92.

Interactive Brokers Group (NASDAQ:IBKRGet Rating) last released its earnings results on Tuesday, April 18th. The financial services provider reported $1.35 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.05). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. Interactive Brokers Group had a net margin of 8.82% and a return on equity of 4.14%. Interactive Brokers Group’s revenue for the quarter was up 63.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS. Equities analysts expect that Interactive Brokers Group will post 5.61 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, May 31st. This represents a $0.40 annualized dividend and a yield of 0.53%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 9.05%.

Interactive Brokers Group Company Profile

(Get Rating)

Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serves the customers of both traditional brokers and prime brokers.

Further Reading

Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.