Interactive Brokers Group (NASDAQ:IBKR) Reaches New 1-Year High – Here’s What Happened

Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $151.98 and last traded at $151.98, with a volume of 4463 shares changing hands. The stock had previously closed at $151.14.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. UBS Group upped their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. Piper Sandler raised their target price on shares of Interactive Brokers Group from $140.00 to $163.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Barclays boosted their target price on Interactive Brokers Group from $147.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $143.11.

Interactive Brokers Group Stock Up 0.6 %

The firm has a market capitalization of $64.00 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.34 and a beta of 0.80. The stock’s 50 day moving average price is $129.06 and its two-hundred day moving average price is $123.17.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 6.92 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. Interactive Brokers Group’s payout ratio is presently 17.09%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Rise Advisors LLC acquired a new position in shares of Interactive Brokers Group in the 1st quarter valued at approximately $30,000. Tortoise Investment Management LLC raised its position in Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth about $32,000. 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. Finally, UMB Bank n.a. increased its holdings in shares of Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 224 shares during the last quarter. 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.