Jefferies Financial Group Increases Interactive Brokers Group (NASDAQ:IBKR) Price Target to $138.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target lifted by Jefferies Financial Group from $133.00 to $138.00 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other equities analysts also recently commented on the stock. Piper Sandler upped their price target on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an overweight rating in a research note on Friday, April 12th. Bank of America upped their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a buy rating in a research note on Wednesday. Barclays upped their price target on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an overweight rating in a research note on Wednesday. Citigroup upped their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a buy rating in a research note on Thursday, April 11th. Finally, UBS Group reduced their price objective on shares of Interactive Brokers Group from $108.00 to $104.00 and set a buy rating on the stock in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $124.00.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $111.55 on Wednesday. The firm has a market capitalization of $46.97 billion, a PE ratio of 19.07, a PEG ratio of 1.22 and a beta of 0.83. The company’s 50-day moving average is $108.76 and its 200-day moving average is $92.86. Interactive Brokers Group has a fifty-two week low of $70.83 and a fifty-two week high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company posted $1.30 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. Analysts predict that Interactive Brokers Group will post 6.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.90%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, May 31st. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Insiders Place Their Bets

In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now directly owns 113,770 shares in the company, valued at approximately $11,929,922.20. The transaction was disclosed in a filing with the SEC, which is available at 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 value of $1,035,300.00. Following the sale, the insider now directly owns 123,770 shares in the company, valued at approximately $12,813,908.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total transaction of $524,300.00. Following the completion of the sale, 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 have sold 428,883 shares of company stock worth $40,395,135 over the last ninety days. Corporate insiders own 3.21% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds have recently made changes to their positions in IBKR. JPMorgan Chase & Co. boosted its stake in shares of Interactive Brokers Group by 33.5% in the 1st quarter. JPMorgan Chase & Co. now owns 160,658 shares of the financial services provider’s stock valued at $10,589,000 after purchasing an additional 40,304 shares in the last quarter. American Century Companies Inc. raised its holdings in Interactive Brokers Group by 213.5% in the 1st quarter. American Century Companies Inc. now owns 13,796 shares of the financial services provider’s stock valued at $909,000 after buying an additional 9,395 shares during the last quarter. HighTower Advisors LLC raised its holdings in Interactive Brokers Group by 10.7% in the 1st quarter. HighTower Advisors LLC now owns 3,966 shares of the financial services provider’s stock valued at $261,000 after buying an additional 384 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Interactive Brokers Group by 14.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,199 shares of the financial services provider’s stock valued at $278,000 after buying an additional 532 shares during the last quarter. Finally, Natixis Advisors L.P. bought a new position in Interactive Brokers Group in the 1st quarter valued at approximately $699,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.