Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $99.00.

Several analysts have weighed in on the company. Piper Sandler set a $109.00 target price on Interactive Brokers Group in a report on Wednesday, July 22nd. UBS Group lowered shares of Interactive Brokers Group from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $50.00 to $102.00 in a research report on Tuesday, September 1st. Barclays set a $114.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company assumed coverage on shares of Interactive Brokers Group in a report on Thursday. They set an “overweight” rating and a $102.00 target price for the company. Finally, Wolfe Research started coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price for the company.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vise Technologies Inc. boosted its stake in Interactive Brokers Group by 151.8% in the 4th quarter. Vise Technologies Inc. now owns 24,209 shares of the financial services provider’s stock worth $1,557,000 after buying an additional 14,593 shares during the last quarter. Nykredit A S purchased a new stake in Interactive Brokers Group in the 2nd quarter valued at about $15,348,000. Cetera Investment Advisers increased its stake in shares of Interactive Brokers Group by 30.1% during the 1st quarter. Cetera Investment Advisers now owns 209,311 shares of the financial services provider’s stock valued at $14,038,000 after acquiring an additional 48,443 shares during the last quarter. MUFG Securities EMEA plc increased its stake in shares of Interactive Brokers Group by 1,223.3% during the 4th quarter. MUFG Securities EMEA plc now owns 112,774 shares of the financial services provider’s stock valued at $7,252,000 after acquiring an additional 104,252 shares during the last quarter. Finally, Progeny 3 Inc. lifted its holdings in shares of Interactive Brokers Group by 3.1% during the 1st quarter. Progeny 3 Inc. now owns 2,195,640 shares of the financial services provider’s stock worth $147,262,000 after acquiring an additional 65,880 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 2.9%

IBKR stock opened at $88.30 on Monday. The firm has a 50 day moving average of $90.66 and a 200-day moving average of $85.74. The company has a market cap of $150.23 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.59 and a beta of 1.37. Interactive Brokers Group has a 12-month low of $58.95 and a 12-month high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The company’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. Sell-side analysts forecast that Interactive Brokers Group will post 2.68 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.00%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.