Interactive Brokers Group (IBKR) – Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Interactive Brokers Group (NASDAQ: IBKR) recently:

• 4/17/2024 – Interactive Brokers Group had its price target raised by analysts at Barclays PLC from $132.00 to $136.00. They now have an “overweight” rating on the stock.
• 4/17/2024 – Interactive Brokers Group had its price target raised by analysts at Jefferies Financial Group Inc. from $133.00 to $138.00. They now have a “buy” rating on the stock.
• 4/17/2024 – Interactive Brokers Group had its price target raised by analysts at Bank of America Co. from $147.00 to $152.00. They now have a “buy” rating on the stock.
• 4/12/2024 – Interactive Brokers Group had its price target raised by analysts at Piper Sandler from $105.00 to $125.00. They now have an “overweight” rating on the stock.
• 4/11/2024 – Interactive Brokers Group had its price target raised by analysts at Citigroup Inc. from $105.00 to $135.00. They now have a “buy” rating on the stock.
• 4/8/2024 – Interactive Brokers Group had its price target raised by analysts at Barclays PLC from $117.00 to $132.00. They now have an “overweight” rating on the stock.

Interactive Brokers Group Stock Up 1.0 %

Shares of IBKR stock traded up $1.12 during mid-day trading on Wednesday, reaching $115.81. The stock had a trading volume of 205,807 shares, compared to its average volume of 1,170,736. The firm has a market cap of $48.76 billion, a PE ratio of 19.80, a P/E/G ratio of 1.15 and a beta of 0.83. Interactive Brokers Group, Inc. has a one year low of $70.83 and a one year high of $116.92. The firm’s 50 day simple moving average is $109.33 and its 200 day simple moving average is $93.30.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio (DPR) is 6.84%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the sale, the insider now owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total transaction of $524,300.00. Following the completion of the transaction, the insider now owns 113,770 shares in the company, valued at approximately $11,929,922.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the completion of the transaction, the insider now owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The disclosure for this sale can be found here. Insiders have sold a total of 333,940 shares of company stock worth $31,751,285 in the last 90 days. Company insiders own 3.21% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

Hedge funds have recently added to or reduced their stakes in the stock. Oliver Luxxe Assets LLC grew its stake in Interactive Brokers Group by 1.8% during the 1st quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider’s stock worth $787,000 after buying an additional 126 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Interactive Brokers Group by 2.1% during the third quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock worth $552,000 after purchasing an additional 133 shares during the period. Toroso Investments LLC raised its stake in shares of Interactive Brokers Group by 1.1% during the 3rd quarter. Toroso Investments LLC now owns 11,702 shares of the financial services provider’s stock worth $1,013,000 after purchasing an additional 133 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Interactive Brokers Group by 22.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock valued at $62,000 after buying an additional 135 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its stake in Interactive Brokers Group by 0.3% in the fourth quarter. Yousif Capital Management LLC now owns 49,785 shares of the financial services provider’s stock valued at $4,127,000 after buying an additional 152 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

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.