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

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have received a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $96.8889.

IBKR has been the topic of several research analyst reports. Piper Sandler set a $109.00 target price on shares of Interactive Brokers Group in a report on Wednesday, July 22nd. Bank of America lifted their price target on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Wolfe Research initiated coverage on shares of Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 price target on the stock. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Barclays set a $114.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, July 22nd.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors have recently added to or reduced their stakes in the company. Leonteq Securities AG purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth approximately $1,746,000. Covenant Asset Management LLC purchased a new position in Interactive Brokers Group during the 4th quarter valued at $3,028,000. Successful Portfolios LLC purchased a new position in Interactive Brokers Group during the 4th quarter valued at $1,431,000. Massachusetts Financial Services Co. MA grew its position in Interactive Brokers Group by 747.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 489,748 shares of the financial services provider’s stock valued at $31,496,000 after acquiring an additional 431,970 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Interactive Brokers Group by 5.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 932,381 shares of the financial services provider’s stock valued at $62,684,000 after acquiring an additional 43,984 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 0.7%

NASDAQ IBKR opened at $92.06 on Friday. Interactive Brokers Group has a 12 month low of $58.95 and a 12 month high of $97.84. The stock has a market cap of $156.63 billion, a PE ratio of 36.82, a P/E/G ratio of 1.70 and a beta of 1.34. The stock’s 50 day moving average is $91.55 and its 200 day moving average is $81.19.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The company’s revenue was up 28.1% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. On average, analysts forecast that Interactive Brokers Group will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.0875 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is presently 14.00%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.