Interactive Brokers Group (NASDAQ:IBKR) Price Target Increased to $155.00 by Analysts at UBS Group

Interactive Brokers Group (NASDAQ:IBKR) had its target price lifted by UBS Group from $145.00 to $155.00 in a research note released on Monday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research analysts also recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a buy rating in a research report on Monday, July 8th. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an outperform rating to a market perform rating and boosted their target price for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, Barclays boosted their target price on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an overweight rating in a research report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of Moderate Buy and an average price target of $133.44.

Interactive Brokers Group Stock Up 0.6 %

Interactive Brokers Group stock opened at $122.77 on Monday. Interactive Brokers Group has a 12-month low of $72.60 and a 12-month high of $129.19. The firm’s fifty day moving average is $121.45 and its 200 day moving average is $118.51. The company has a market capitalization of $51.70 billion, a PE ratio of 20.99, a PEG ratio of 1.09 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company earned $1.32 EPS. Interactive Brokers Group’s quarterly revenue was up 21.2% compared to the same quarter last year. Sell-side analysts expect that Interactive Brokers Group will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 0.81%. Interactive Brokers Group’s payout ratio is 17.09%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its stake in shares of Interactive Brokers Group by 172.1% in the 2nd quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock worth $1,528,000 after acquiring an additional 7,884 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Interactive Brokers Group by 122.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after acquiring an additional 524,503 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Interactive Brokers Group in the 1st quarter worth $796,000. Janus Henderson Group PLC grew its stake in shares of Interactive Brokers Group by 9.9% in the 1st quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock worth $12,173,000 after acquiring an additional 9,858 shares in the last quarter. Finally, Norden Group LLC grew its stake in shares of Interactive Brokers Group by 1,272.1% in the 1st quarter. Norden Group LLC now owns 104,400 shares of the financial services provider’s stock worth $11,662,000 after acquiring an additional 96,791 shares in the last quarter. 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.