Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $124.00 Consensus Target Price from Brokerages

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been given an average rating of “Buy” by the eight brokerages that are covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $124.00.

IBKR has been the topic of several research reports. Jefferies Financial Group upped their price target on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Citigroup upped their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Bank of America upped their price objective on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Piper Sandler increased their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Barclays increased their target price on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th.

Insider Activity

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the completion of the sale, the insider now owns 123,770 shares of the company’s stock, valued at approximately $12,813,908.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Vice Chairman Earl H. Nemser sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the completion of the sale, the insider now owns 123,770 shares of the company’s stock, valued at approximately $12,813,908.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the transaction, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock valued at $6,613,100 over the last quarter. 3.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Interactive Brokers Group

A number of large investors have recently modified their holdings of the company. Rise Advisors LLC bought a new position in Interactive Brokers Group during the 1st quarter valued at $30,000. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth $25,000. Rakuten Securities Inc. purchased a new stake in Interactive Brokers Group in the 4th quarter worth about $34,000. Headlands Technologies LLC purchased a new stake in Interactive Brokers Group in the 3rd quarter worth about $40,000. Finally, Principal Securities Inc. purchased a new stake in Interactive Brokers Group in the 4th quarter worth about $40,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $119.72 on Monday. Interactive Brokers Group has a one year low of $72.60 and a one year high of $122.88. The company has a market cap of $50.41 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.22 and a beta of 0.81. The firm’s fifty day moving average price is $112.13 and its two-hundred day moving average price is $95.78.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio is currently 17.09%.

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.