Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $53.38 Average Price Target from Brokerages

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $56.25.

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Citigroup upped their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Bank of America decreased their price objective on Interactive Brokers Group from $66.25 to $60.75 and set a “buy” rating for the company in a report on Wednesday, April 16th. Barclays restated an “overweight” rating and set a $65.00 target price on shares of Interactive Brokers Group in a research note on Thursday. Finally, Piper Sandler decreased their price target on Interactive Brokers Group from $52.50 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th.

Institutional Investors Weigh In On Interactive Brokers Group

A number of large investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd boosted its holdings in shares of Interactive Brokers Group by 39.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 53 shares during the last quarter. Compound Planning Inc. boosted its holdings in Interactive Brokers Group by 1.1% in the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 62 shares during the last quarter. CWM LLC grew its position in Interactive Brokers Group by 6.6% during the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 66 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Interactive Brokers Group by 0.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider’s stock valued at $1,410,000 after buying an additional 70 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Interactive Brokers Group by 2.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider’s stock valued at $502,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 0.5%

Interactive Brokers Group stock opened at $58.60 on Friday. The firm has a market cap of $99.06 billion, a P/E ratio of 31.72, a P/E/G ratio of 2.72 and a beta of 1.25. The business has a fifty day moving average of $52.34 and a two-hundred day moving average of $48.83. Interactive Brokers Group has a twelve month low of $25.92 and a twelve month high of $59.62.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 4.97% and a net margin of 9.53%. Equities analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Friday, May 30th. Interactive Brokers Group’s payout ratio is 17.30%.

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.