Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $152.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target boosted by Bank of America from $147.00 to $152.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on the company. Barclays boosted their target price on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an overweight rating in a research report on Wednesday. The Goldman Sachs Group upgraded Interactive Brokers Group from a neutral rating to a buy rating and boosted their price objective for the company from $88.00 to $102.00 in a research report on Tuesday, January 9th. UBS Group decreased their price objective on Interactive Brokers Group from $108.00 to $104.00 and set a buy rating for the company in a research report on Tuesday, January 9th. Citigroup boosted their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the company a buy rating in a research report on Thursday, April 11th. Finally, Piper Sandler boosted their price objective on Interactive Brokers Group from $105.00 to $125.00 and gave the company an overweight rating in a research report on Friday, April 12th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of Moderate Buy and an average price target of $124.00.

Interactive Brokers Group Trading Up 0.9 %

Interactive Brokers Group stock opened at $111.55 on Wednesday. The firm has a market capitalization of $46.97 billion, a P/E ratio of 19.07, a PEG ratio of 1.12 and a beta of 0.83. Interactive Brokers Group has a 1 year low of $70.83 and a 1 year high of $116.92. The business has a 50-day moving average of $108.76 and a 200-day moving average of $92.86.

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

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 31st. 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. Interactive Brokers Group’s dividend payout ratio is 6.84%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following the completion of the transaction, the insider now owns 113,770 shares of the company’s stock, valued at approximately $11,929,922.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the sale, the insider now owns 234,552 shares in the company, valued at approximately $22,585,012.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 113,770 shares in the company, valued at approximately $11,929,922.20. The disclosure for this sale can be found here. Insiders sold a total of 428,883 shares of company stock valued at $40,395,135 in the last quarter. 3.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Interactive Brokers Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC bought a new stake in shares of Interactive Brokers Group during the 1st quarter worth approximately $30,000. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $34,000. Headlands Technologies LLC bought a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $40,000. Finally, Principal Securities Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $40,000. Institutional investors own 23.80% of the company’s stock.

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.