Brokerages Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) PT at $143.00

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $143.00.

Several equities research analysts have issued reports on the stock. Barclays lowered their target price on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. UBS Group upped their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Piper Sandler reissued an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group upped their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th.

Institutional Trading of Interactive Brokers Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tortoise Investment Management LLC boosted its stake 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 buying an additional 111 shares during the period. Fairfield Financial Advisors LTD purchased a new position in shares of Interactive Brokers Group during the 2nd quarter worth approximately $32,000. UMB Bank n.a. boosted its position 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 purchasing an additional 224 shares during the period. Smithfield Trust Co raised its position in Interactive Brokers Group by 80.6% in the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 154 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in Interactive Brokers Group during the third quarter worth $49,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 0.8 %

IBKR opened at $191.31 on Friday. Interactive Brokers Group has a twelve month low of $72.60 and a twelve month high of $193.42. The company has a market cap of $80.83 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. The company has a 50-day moving average price of $157.75 and a 200 day moving average price of $135.01.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business earned $1.55 EPS. As a group, sell-side analysts expect that Interactive Brokers Group will post 6.82 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.52%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.27%.

Interactive Brokers Group Company Profile

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.