Interactive Brokers Group (NASDAQ:IBKR) Reaches New 52-Week High Following Better-Than-Expected Earnings

Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s stock price hit a new 52-week high on Tuesday following a better than expected earnings announcement. The company traded as high as $194.87 and last traded at $192.34, with a volume of 170508 shares traded. The stock had previously closed at $190.09.

The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.11% and a net margin of 9.25%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1,372,590.34 billion. During the same period in the previous year, the business posted $1.52 earnings per share. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last 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 given a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. Interactive Brokers Group’s payout ratio is 14.16%.

Wall Street Analyst Weigh In

A number of analysts have commented on IBKR shares. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. The Goldman Sachs Group upped their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. UBS Group raised their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Barclays upped their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $192.25.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds have recently modified their holdings of IBKR. BOCHK Asset Management Ltd acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at approximately $62,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Interactive Brokers Group by 50.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 90,290 shares of the financial services provider’s stock valued at $15,952,000 after buying an additional 30,290 shares during the period. Sumitomo Life Insurance Co. increased its position in shares of Interactive Brokers Group by 174.8% during the fourth quarter. Sumitomo Life Insurance Co. now owns 15,272 shares of the financial services provider’s stock worth $2,698,000 after acquiring an additional 9,715 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $161,000. Finally, SteelPeak Wealth LLC lifted its position in Interactive Brokers Group by 11.3% in the 4th quarter. SteelPeak Wealth LLC now owns 4,101 shares of the financial services provider’s stock valued at $725,000 after acquiring an additional 418 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 8.8 %

The stock’s 50 day moving average is $184.70 and its two-hundred day moving average is $151.85. The stock has a market capitalization of $88.64 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 1.40 and a beta of 0.87.

Interactive Brokers Group Company Profile

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.