Interactive Brokers Group (NASDAQ:IBKR) Reaches New 1-Year High at $98.48

Interactive Brokers Group, Inc. (NASDAQ:IBKRGet Free Report)’s share price reached a new 52-week high on Friday . The stock traded as high as $98.48 and last traded at $97.49, with a volume of 625280 shares changing hands. The stock had previously closed at $95.37.

Analysts Set New Price Targets

IBKR has been the topic of a number of research analyst reports. UBS Group cut their target price on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research report on Tuesday, January 9th. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $88.00 to $102.00 in a research report on Tuesday, January 9th. Redburn Atlantic initiated coverage on shares of Interactive Brokers Group in a research note on Friday, December 1st. They set a “buy” rating and a $100.00 price target for the company. Finally, Barclays raised their price target on shares of Interactive Brokers Group from $110.00 to $112.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.38.

Get Our Latest Research Report on Interactive Brokers Group

Interactive Brokers Group Price Performance

The firm has a market capitalization of $41.28 billion, a PE ratio of 17.33, a PEG ratio of 0.88 and a beta of 0.80. The firm’s fifty day moving average is $86.70 and its two-hundred day moving average is $86.48.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 earnings per share. As a group, equities research analysts predict that Interactive Brokers Group, Inc. will post 6.07 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Friday, March 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date is Thursday, February 29th. Interactive Brokers Group’s dividend payout ratio is 7.07%.

Insiders Place Their Bets

In other Interactive Brokers Group news, insider Thomas Aj Frank sold 12,827 shares of Interactive Brokers Group stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $87.84, for a total value of $1,126,723.68. Following the sale, the insider now owns 604,008 shares of the company’s stock, valued at $53,056,062.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Vice Chairman Earl H. Nemser sold 25,782 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $95.71, for a total value of $2,467,595.22. Following the sale, the insider now owns 208,770 shares of the company’s stock, valued at $19,981,376.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Aj Frank sold 12,827 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $87.84, for a total transaction of $1,126,723.68. Following the completion of the sale, the insider now directly owns 604,008 shares in the company, valued at approximately $53,056,062.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 455,027 shares of company stock valued at $41,756,614. Company insiders own 3.34% of the company’s stock.

Institutional Trading of Interactive Brokers Group

Several hedge funds and other institutional investors have recently modified their holdings of IBKR. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $25,000. Eagle Bay Advisors LLC bought a new stake in shares of Interactive Brokers Group in the second quarter valued at approximately $31,000. Rakuten Securities Inc. bought a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $34,000. Headlands Technologies LLC bought a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $40,000. Finally, Principal Securities Inc. bought a new stake in Interactive Brokers Group during the 4th quarter worth approximately $40,000. Institutional investors own 21.56% of the company’s stock.

Interactive Brokers Group Company Profile

(Get Free Report)

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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