Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have covered the stock in the last year is $124.00.

IBKR has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. UBS Group lowered their price objective 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 upped their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Bank of America upped their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Piper Sandler lifted their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, April 12th.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 10,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the completion of the sale, the insider now owns 123,770 shares in the company, valued at approximately $12,813,908.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Vice Chairman Earl H. Nemser sold 10,000 shares of Interactive Brokers Group stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the sale, the insider now directly owns 123,770 shares in the company, valued at $12,813,908.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following the completion of the transaction, the insider now directly owns 113,770 shares in the company, valued at $11,929,922.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,000 shares of company stock worth $6,613,100. 3.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Buck Wealth Strategies LLC bought a new stake in shares of Interactive Brokers Group during the 1st quarter valued at about $2,288,000. GSA Capital Partners LLP purchased a new position in shares of Interactive Brokers Group during the first quarter worth approximately $796,000. FORA Capital LLC purchased a new stake in shares of Interactive Brokers Group in the 1st quarter valued at $404,000. Hosking Partners LLP grew its holdings in shares of Interactive Brokers Group by 14.8% during the 1st quarter. Hosking Partners LLP now owns 187,326 shares of the financial services provider’s stock valued at $20,926,000 after purchasing an additional 24,118 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in Interactive Brokers Group in the first quarter worth $132,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Up 0.3 %

NASDAQ IBKR opened at $120.12 on Monday. The firm’s 50 day moving average is $111.36 and its 200-day moving average is $95.04. Interactive Brokers Group has a 12-month low of $70.83 and a 12-month high of $120.39. The company has a market capitalization of $50.57 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.25 per share. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.83%. Interactive Brokers Group’s dividend payout ratio is presently 6.84%.

Interactive Brokers Group Company Profile

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.