Interactive Brokers Group (NASDAQ:IBKR) Shares Down 2.5%

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) dropped 2.5% on Wednesday . The stock traded as low as $124.12 and last traded at $124.57. Approximately 194,243 shares were traded during trading, a decline of 81% from the average daily volume of 1,030,285 shares. The stock had previously closed at $127.70.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several recent research reports. Bank of America upped their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Citigroup upped their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Barclays upped their target price on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Jefferies Financial Group upped their target price on Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Piper Sandler upped their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

Interactive Brokers Group Trading Down 1.7 %

The company has a market capitalization of $52.86 billion, a P/E ratio of 21.83, a PEG ratio of 1.22 and a beta of 0.81. The stock has a 50 day moving average price of $122.37 and a 200 day moving average price of $107.80.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.01. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. On average, research analysts predict that Interactive Brokers Group, Inc. will post 6.59 EPS for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.25 dividend. The ex-dividend date was Friday, May 31st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a dividend yield of 0.80%. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IBKR. LPL Financial LLC grew its stake in shares of Interactive Brokers Group by 10.1% in the 3rd quarter. LPL Financial LLC now owns 57,839 shares of the financial services provider’s stock valued at $5,007,000 after buying an additional 5,329 shares during the period. Natixis Advisors L.P. raised its holdings in shares of Interactive Brokers Group by 1.6% in the 3rd quarter. Natixis Advisors L.P. now owns 17,162 shares of the financial services provider’s stock worth $1,486,000 after purchasing an additional 267 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of Interactive Brokers Group in the 3rd quarter worth approximately $245,000. Qube Research & Technologies Ltd bought a new stake in shares of Interactive Brokers Group in the 3rd quarter worth approximately $6,631,000. Finally, Toronto Dominion Bank raised its holdings in Interactive Brokers Group by 2,249.7% during the 3rd quarter. Toronto Dominion Bank now owns 20,795 shares of the financial services provider’s stock valued at $1,800,000 after acquiring an additional 19,910 shares during the period. 23.80% of the stock is owned by 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.