Interactive Brokers Group’s (IBKR) “Overweight” Rating Reaffirmed at Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of Interactive Brokers Group (NASDAQ:IBKR) in a research note released on Wednesday morning,Benzinga reports. The firm currently has a $210.00 target price on the financial services provider’s stock, up from their prior target price of $200.00.

IBKR has been the subject of several other research reports. Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Citigroup raised their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Finally, UBS Group upped their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $192.25.

Interactive Brokers Group Stock Up 8.8 %

Interactive Brokers Group stock opened at $209.78 on Wednesday. The company has a market capitalization of $88.64 billion, a PE ratio of 32.03, a PEG ratio of 1.38 and a beta of 0.87. Interactive Brokers Group has a 12-month low of $88.22 and a 12-month high of $211.14. The firm’s fifty day moving average is $184.70 and its 200 day moving average is $151.85.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1,372,590.34 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 earnings per share. Sell-side analysts expect that Interactive Brokers Group will post 6.99 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

Hedge Funds Weigh In On Interactive Brokers Group

Several institutional investors have recently bought and sold shares of the company. Aurora Investment Counsel purchased a new stake in Interactive Brokers Group during the third quarter valued at about $1,693,000. Friedenthal Financial bought a new position in shares of Interactive Brokers Group in the fourth quarter worth $775,000. Versor Investments LP bought a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at $474,000. Caldwell Investment Management Ltd. purchased a new stake in Interactive Brokers Group during the 4th quarter worth about $1,215,000. Finally, Waverton Investment Management Ltd bought a new position in Interactive Brokers Group in the 3rd quarter worth about $26,946,000. Hedge funds and other institutional investors 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.