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

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $203.50.

Several analysts have issued reports on IBKR shares. UBS Group lifted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods lifted their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. StockNews.com downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays raised their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Citigroup reduced their target price on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday.

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.99% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

Several hedge funds have recently added to or reduced their stakes in the business. Donoghue Forlines LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at about $2,088,000. Union Bancaire Privee UBP SA bought a new position in Interactive Brokers Group in the 4th quarter valued at about $3,750,000. Friedenthal Financial bought a new position in Interactive Brokers Group in the 4th quarter valued at about $775,000. New Millennium Group LLC acquired a new stake in Interactive Brokers Group during the fourth quarter worth approximately $2,319,000. Finally, Caldwell Investment Management Ltd. bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $1,215,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $174.31 on Thursday. The stock has a 50 day simple moving average of $200.34 and a 200 day simple moving average of $179.42. Interactive Brokers Group has a 52-week low of $103.69 and a 52-week high of $236.53. The firm has a market capitalization of $73.66 billion, a PE ratio of 24.69, a P/E/G ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the company earned $1.52 earnings per share. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts predict that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

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.