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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $132.33.

Several equities research analysts have recently weighed in on IBKR shares. Bank of America upped their target price 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. Barclays boosted their price target on Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. UBS Group upped their price objective on Interactive Brokers Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, Piper Sandler increased their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th.

Interactive Brokers Group Trading Up 0.2 %

Interactive Brokers Group stock opened at $118.80 on Friday. The firm has a market capitalization of $50.02 billion, a P/E ratio of 20.31, a PEG ratio of 1.06 and a beta of 0.81. The stock has a fifty day moving average price of $123.45 and a 200 day moving average price of $112.29. Interactive Brokers Group has a 52 week low of $72.60 and a 52 week high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business earned $1.32 earnings per share. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, equities analysts predict that Interactive Brokers Group will post 6.76 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, August 30th. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Institutional Trading of Interactive Brokers Group

A number of hedge funds have recently modified their holdings of the business. Contravisory Investment Management Inc. purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth $25,000. Rise Advisors LLC purchased a new stake in shares of Interactive Brokers Group during the first quarter worth $30,000. Rakuten Securities Inc. acquired a new position in Interactive Brokers Group during the fourth quarter worth $34,000. Principal Securities Inc. acquired a new position in Interactive Brokers Group during the fourth quarter worth $40,000. Finally, Kapitalo Investimentos Ltda increased its position in Interactive Brokers Group by 278.0% during the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock worth $40,000 after buying an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

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.