Interactive Brokers Group (NASDAQ:IBKR) Hits New 52-Week High – Here’s Why

Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s share price hit a new 52-week high on Monday . The company traded as high as $193.42 and last traded at $190.27, with a volume of 111473 shares traded. The stock had previously closed at $191.62.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IBKR. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Jefferies Financial Group increased their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. UBS Group increased their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Barclays dropped their price objective on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Stock Down 0.4 %

The company’s 50 day moving average price is $154.06 and its 200-day moving average price is $133.60. The stock has a market cap of $80.60 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.50 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business posted $1.55 EPS. Equities research analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

Institutional Investors Weigh In On Interactive Brokers Group

Large investors have recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of Interactive Brokers Group by 172.1% during the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock worth $1,528,000 after buying an additional 7,884 shares during the period. Janus Henderson Group PLC increased its position in shares of Interactive Brokers Group by 9.9% during the first quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock worth $12,173,000 after buying an additional 9,858 shares during the period. Aurora Investment Counsel acquired a new stake in shares of Interactive Brokers Group during the third quarter worth $1,693,000. Versor Investments LP acquired a new stake in shares of Interactive Brokers Group during the third quarter worth $474,000. Finally, Waverton Investment Management Ltd acquired a new stake in shares of Interactive Brokers Group during the third quarter worth $26,946,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.