UBS Group Boosts Interactive Brokers Group (NASDAQ:IBKR) Price Target to $145.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target increased by UBS Group from $135.00 to $145.00 in a research report sent to investors on Tuesday morning, Benzinga reports. UBS Group currently has a buy rating on the financial services provider’s stock.

Several other research analysts also recently commented on IBKR. Citigroup lifted their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a buy rating in a report on Thursday, April 11th. Jefferies Financial Group boosted their price objective on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the stock a buy rating in a report on Monday. Bank of America boosted their price objective on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a buy rating in a report on Wednesday, April 17th. Barclays boosted their price objective on shares of 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 lifted their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an overweight rating in a research report on Friday, April 12th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $132.11.

Interactive Brokers Group Trading Down 3.0 %

IBKR stock opened at $121.05 on Tuesday. Interactive Brokers Group has a 1 year low of $72.60 and a 1 year high of $129.19. The company has a fifty day simple moving average of $123.41 and a 200 day simple moving average of $109.50. The firm has a market cap of $50.97 billion, a PE ratio of 20.69, a PEG ratio of 1.20 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.01. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, analysts forecast that Interactive Brokers Group will post 6.73 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.83%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, May 31st. Interactive Brokers Group’s payout ratio is 17.09%.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors and hedge funds have recently modified their holdings of IBKR. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $25,000. Rise Advisors LLC bought a new stake in Interactive Brokers Group in the first quarter valued at approximately $30,000. Rakuten Securities Inc. bought a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $34,000. Principal Securities Inc. bought a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $40,000. Finally, Kapitalo Investimentos Ltda increased its stake in Interactive Brokers Group by 278.0% in the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 353 shares in the last quarter. 23.80% of the stock is owned by 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.