Barclays Lowers Interactive Brokers Group (NASDAQ:IBKR) Price Target to $165.00

Interactive Brokers Group (NASDAQ:IBKR) had its target price reduced by Barclays from $166.00 to $165.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other equities analysts have also recently commented on IBKR. Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. UBS Group lifted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock 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. Finally, Jefferies Financial Group raised their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $148.81 on Wednesday. The company has a market cap of $62.66 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.34 and a beta of 0.80. Interactive Brokers Group has a 1 year low of $72.60 and a 1 year high of $154.75. The stock’s 50 day simple moving average is $132.77 and its two-hundred day simple moving average is $124.40.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the business earned $1.55 EPS. As a group, analysts anticipate that Interactive Brokers Group will post 6.92 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Institutional Investors Weigh In On Interactive Brokers Group

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Interactive Brokers Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock worth $803,306,000 after acquiring an additional 123,226 shares during the period. Greenwich Wealth Management LLC raised its position in Interactive Brokers Group by 0.3% during the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock valued at $365,271,000 after purchasing an additional 8,038 shares in the last quarter. Bares Capital Management Inc. lifted its holdings in shares of Interactive Brokers Group by 10.4% in the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock worth $313,920,000 after buying an additional 264,543 shares during the period. Marshall Wace LLP grew its position in shares of Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after buying an additional 481,826 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after buying an additional 1,004,289 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.