Barclays Forecasts Strong Price Appreciation for Interactive Brokers Group (NASDAQ:IBKR) Stock

Interactive Brokers Group (NASDAQ:IBKR) had its target price upped by Barclays from $224.00 to $231.00 in a research note published on Wednesday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

IBKR has been the topic of several other reports. Jefferies Financial Group upped their target price 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. UBS Group raised their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group upped their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Finally, Citigroup upped their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.25.

Interactive Brokers Group Stock Up 8.8 %

Shares of IBKR opened at $209.78 on Wednesday. The company has a 50 day moving average of $184.70 and a two-hundred day moving average of $151.85. The company has a market cap of $88.64 billion, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 1.38 and a beta of 0.87. Interactive Brokers Group has a twelve month low of $88.22 and a twelve month high of $211.14.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1,372,590.34 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.52 earnings per share. On average, sell-side analysts expect that Interactive Brokers Group will post 6.99 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.48%. Interactive Brokers Group’s dividend payout ratio is presently 15.27%.

Institutional Investors Weigh In On Interactive Brokers Group

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Interactive Brokers Group by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 301,688 shares of the financial services provider’s stock worth $36,988,000 after purchasing an additional 27,621 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of Interactive Brokers Group by 5.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,327 shares of the financial services provider’s stock valued at $776,000 after buying an additional 323 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Interactive Brokers Group by 581.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 82,893 shares of the financial services provider’s stock worth $10,163,000 after buying an additional 70,736 shares during the period. AE Wealth Management LLC lifted its position in shares of Interactive Brokers Group by 5.9% during the 2nd quarter. AE Wealth Management LLC now owns 8,083 shares of the financial services provider’s stock valued at $991,000 after buying an additional 447 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in Interactive Brokers Group by 115.9% in the 2nd quarter. Squarepoint Ops LLC now owns 125,833 shares of the financial services provider’s stock valued at $15,427,000 after acquiring an additional 67,537 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

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.