Interactive Brokers Group (NASDAQ:IBKR) Given New $215.00 Price Target at Citigroup

Interactive Brokers Group (NASDAQ:IBKR) had its target price lowered by Citigroup from $242.00 to $215.00 in a report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other analysts have also weighed in on IBKR. UBS Group upped their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. StockNews.com downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. The Goldman Sachs Group raised their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average price target of $203.50.

Interactive Brokers Group Stock Up 0.7 %

NASDAQ:IBKR opened at $174.31 on Wednesday. The firm’s fifty day simple moving average is $200.34 and its 200-day simple moving average is $179.42. The stock has a market cap of $73.66 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Interactive Brokers Group has a fifty-two week low of $103.69 and a fifty-two week high of $236.53.

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

Interactive Brokers Group Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Jill Bright acquired 135 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Interactive Brokers Group

A number of large investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth $25,000. SRH Advisors LLC purchased a new stake in Interactive Brokers Group during the fourth quarter valued at about $28,000. Versant Capital Management Inc grew its position in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. raised its holdings in shares of Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 88 shares during the period. Finally, Rialto Wealth Management LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth about $33,000. 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.