Jefferies Financial Group Boosts Interactive Brokers Group (NASDAQ:IBKR) Price Target to $138.00

Interactive Brokers Group (NASDAQ:IBKR) had its target price hoisted by Jefferies Financial Group from $133.00 to $138.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the company. Citigroup lifted their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a buy rating in a report on Thursday, April 11th. Piper Sandler raised their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an overweight rating in a research note on Friday, April 12th. The Goldman Sachs Group raised Interactive Brokers Group from a neutral rating to a buy rating and raised their target price for the stock from $88.00 to $102.00 in a research note on Tuesday, January 9th. Barclays raised their target price on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an overweight rating in a research note on Wednesday. Finally, UBS Group cut 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. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $124.00.

Interactive Brokers Group Trading Up 0.9 %

IBKR opened at $111.55 on Wednesday. The company has a market cap of $46.97 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.12 and a beta of 0.83. The business’s 50-day moving average price is $108.76 and its 200-day moving average price is $92.90. Interactive Brokers Group has a 12 month low of $70.83 and a 12 month high of $116.92.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.90%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, May 31st. Interactive Brokers Group’s payout ratio is presently 6.84%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the sale, the insider now directly owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Thomas Aj Frank sold 44,643 shares of Interactive Brokers Group stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $91.62, for a total transaction of $4,090,191.66. Following the completion of the transaction, the insider now directly owns 354,081 shares in the company, valued at $32,440,901.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the transaction, the insider now owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 428,883 shares of company stock valued at $40,395,135. 3.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Interactive Brokers Group

Large investors have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $7,841,000. Darwin Wealth Management LLC purchased a new position in Interactive Brokers Group in the 3rd quarter worth approximately $1,775,000. Teachers Retirement System of The State of Kentucky raised its holdings in Interactive Brokers Group by 93.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider’s stock worth $3,044,000 after acquiring an additional 16,996 shares during the last quarter. Lecap Asset Management Ltd. purchased a new position in Interactive Brokers Group in the 4th quarter worth approximately $1,910,000. Finally, Ellsworth Advisors LLC purchased a new position in Interactive Brokers Group in the 4th quarter worth approximately $4,148,000. 23.80% of the stock is currently 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.