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

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $204.13.

IBKR has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. Citigroup upped their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Barclays increased their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group boosted their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd.

Interactive Brokers Group Trading Down 2.1 %

IBKR stock opened at $221.47 on Wednesday. The company’s 50 day moving average is $193.60 and its 200 day moving average is $161.69. The stock has a market cap of $93.58 billion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89. Interactive Brokers Group has a 1-year low of $97.75 and a 1-year high of $235.29.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Interactive Brokers Group’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 earnings per share. As a group, sell-side analysts forecast that Interactive Brokers Group will post 7.39 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of the stock in a transaction on Friday, January 31st. The stock was bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Interactive Brokers Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new position in shares of Interactive Brokers Group in the fourth quarter worth $25,000. SRH Advisors LLC acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at $28,000. Versant Capital Management Inc increased its position in shares of Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. raised its stake in Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in Interactive Brokers Group during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

About Interactive Brokers Group

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.