Brokerages Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Price Target at $204.13

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $204.13.

A number of brokerages recently weighed in on IBKR. Keefe, Bruyette & Woods raised 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 research note on Monday, January 13th. Citigroup increased their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Piper Sandler restated an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, UBS Group lifted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $221.47 on Wednesday. The firm has a market capitalization of $93.58 billion, a P/E ratio of 31.37, a PEG ratio of 1.62 and a beta of 0.89. The stock has a 50-day simple moving average of $193.60 and a two-hundred day simple moving average of $161.69. Interactive Brokers Group has a fifty-two week low of $97.75 and a fifty-two week high of $235.29.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, analysts forecast that Interactive Brokers Group will post 7.39 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright bought 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.21% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

A number of large investors have recently bought and sold shares of IBKR. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group in the 4th quarter valued at about $25,000. SRH Advisors LLC bought a new position in Interactive Brokers Group during the fourth quarter worth $28,000. Versant Capital Management Inc boosted its holdings in shares of Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the period. Blue Trust Inc. grew its holdings in shares of Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in Interactive Brokers Group during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

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.