Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives Average Rating of “Buy” from Brokerages

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has earned an average recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $124.00.

IBKR has been the subject of a number of research reports. Citigroup raised their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Bank of America increased their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Barclays lifted their target price on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Finally, Piper Sandler increased their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, April 12th.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $122.60 on Tuesday. Interactive Brokers Group has a 52-week low of $72.60 and a 52-week high of $129.19. The company has a market capitalization of $51.62 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The company has a fifty day moving average of $121.84 and a 200-day moving average of $106.96.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. On average, equities analysts forecast that Interactive Brokers Group will post 6.59 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a dividend yield of 0.82%. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

Institutional Investors Weigh In On Interactive Brokers Group

Several large investors have recently added to or reduced their stakes in IBKR. QRG Capital Management Inc. bought a new position in shares of Interactive Brokers Group during the 3rd quarter worth approximately $341,000. Envestnet Asset Management Inc. grew its holdings in Interactive Brokers Group by 6.8% in the third quarter. Envestnet Asset Management Inc. now owns 280,808 shares of the financial services provider’s stock worth $24,307,000 after purchasing an additional 17,969 shares during the period. Invesco Ltd. increased its stake in Interactive Brokers Group by 234.6% in the third quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider’s stock valued at $49,104,000 after purchasing an additional 397,729 shares in the last quarter. LPL Financial LLC increased its stake in Interactive Brokers Group by 10.1% in the third quarter. LPL Financial LLC now owns 57,839 shares of the financial services provider’s stock valued at $5,007,000 after purchasing an additional 5,329 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Interactive Brokers Group by 0.7% during the third quarter. Northern Trust Corp now owns 733,695 shares of the financial services provider’s stock valued at $63,509,000 after purchasing an additional 5,163 shares during the period. Institutional investors and hedge funds 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.