Interactive Brokers Group, Inc. (NASDAQ:IBKR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $132.33.

A number of equities analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Interactive Brokers Group from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Jefferies Financial Group raised their target price on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Barclays raised their target price on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $128.00 to $135.00 in a research report on Thursday, July 11th.

Interactive Brokers Group Stock Up 0.5 %

Shares of Interactive Brokers Group stock opened at $120.86 on Wednesday. The firm has a market capitalization of $50.89 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.07 and a beta of 0.81. Interactive Brokers Group has a 52 week low of $72.60 and a 52 week high of $129.19. The firm’s 50 day moving average is $120.60 and its two-hundred day moving average is $115.48.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the firm posted $1.32 earnings per share. As a group, research analysts expect that Interactive Brokers Group will post 6.76 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

Institutional Investors Weigh In On Interactive Brokers Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. AIA Group Ltd acquired a new stake in Interactive Brokers Group in the fourth quarter valued at $1,840,000. Goldman Sachs Group Inc. lifted its holdings in Interactive Brokers Group by 122.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after acquiring an additional 524,503 shares during the period. SG Americas Securities LLC lifted its holdings in Interactive Brokers Group by 172.1% in the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock valued at $1,528,000 after acquiring an additional 7,884 shares during the period. TimesSquare Capital Management LLC lifted its holdings in Interactive Brokers Group by 6.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 808,806 shares of the financial services provider’s stock valued at $67,050,000 after acquiring an additional 50,035 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Interactive Brokers Group in the first quarter valued at $796,000. 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.