Interactive Brokers Group (NASDAQ:IBKR) Price Target Increased to $125.00 by Analysts at Piper Sandler

Interactive Brokers Group (NASDAQ:IBKR) had its target price lifted by Piper Sandler from $105.00 to $125.00 in a research report released on Friday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Several other research firms have also recently issued reports on IBKR. The Goldman Sachs Group raised Interactive Brokers Group from a neutral rating to a buy rating and boosted their target price for the company from $88.00 to $102.00 in a research note on Tuesday, January 9th. UBS Group reduced their target price on Interactive Brokers Group from $108.00 to $104.00 and set a buy rating on the stock in a research note on Tuesday, January 9th. Citigroup boosted their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the company a buy rating in a research note on Thursday. Finally, Barclays boosted their target price on Interactive Brokers Group from $117.00 to $132.00 and gave the company an overweight rating in a research note on Monday, April 8th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $118.13.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $110.39 on Friday. Interactive Brokers Group has a fifty-two week low of $70.83 and a fifty-two week high of $116.92. The stock has a 50 day moving average price of $107.32 and a two-hundred day moving average price of $92.07. The company has a market capitalization of $46.48 billion, a P/E ratio of 19.50, a PEG ratio of 1.30 and a beta of 0.83.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data 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). Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, equities analysts predict that Interactive Brokers Group will post 6.24 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.40 annualized dividend and a yield of 0.36%. Interactive Brokers Group’s payout ratio is 7.07%.

Insider Buying and Selling

In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the sale, the insider now directly owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Vice Chairman Earl H. Nemser sold 74,218 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the sale, the insider now directly owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thomas Aj Frank sold 12,917 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $88.68, for a total value of $1,145,479.56. Following the completion of the sale, the insider now directly owns 497,368 shares in the company, valued at $44,106,594.24. The disclosure for this sale can be found here. Insiders have sold a total of 454,989 shares of company stock valued at $42,696,367 over the last ninety days. Company insiders own 3.21% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors have recently modified their holdings of IBKR. Norges Bank purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth $97,717,000. FMR LLC lifted its holdings in shares of Interactive Brokers Group by 211.7% during the third quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock valued at $153,517,000 after purchasing an additional 1,204,573 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Interactive Brokers Group by 7.0% during the third quarter. Vanguard Group Inc. now owns 9,035,116 shares of the financial services provider’s stock valued at $577,435,000 after purchasing an additional 592,266 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Interactive Brokers Group by 122.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after purchasing an additional 524,503 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at $33,544,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

About Interactive Brokers Group

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.