Interactive Brokers Group (NASDAQ:IBKR) PT Raised to $170.00

Interactive Brokers Group (NASDAQ:IBKR) had its price objective boosted by UBS Group from $155.00 to $170.00 in a research note issued to investors on Tuesday morning, Benzinga reports. UBS Group currently has a buy rating on the financial services provider’s stock.

IBKR has been the topic of several other reports. Barclays boosted their target price on Interactive Brokers Group from $147.00 to $166.00 and gave the stock an overweight rating in a report on Monday. Jefferies Financial Group raised their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a buy rating in a research note on Friday, October 4th. Piper Sandler boosted their price target on shares of Interactive Brokers Group from $140.00 to $163.00 and gave the company an overweight rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an outperform rating to a market perform rating and lifted their target price for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $143.11.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $148.63 on Tuesday. The business has a fifty day moving average price of $128.29 and a 200 day moving average price of $122.71. The company has a market cap of $62.59 billion, a P/E ratio of 23.59, a P/E/G ratio of 1.34 and a beta of 0.80. Interactive Brokers Group has a one year low of $72.60 and a one year high of $149.97.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.32 earnings per share. As a group, sell-side analysts predict that Interactive Brokers Group will post 6.92 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.67%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.87%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in shares of Interactive Brokers Group during the first quarter worth approximately $30,000. Tortoise Investment Management LLC increased its stake in Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 111 shares during the period. Fairfield Financial Advisors LTD purchased a new stake in shares of Interactive Brokers Group in the second quarter valued at about $32,000. Kapitalo Investimentos Ltda boosted its stake in shares of Interactive Brokers Group by 278.0% during the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock worth $40,000 after buying an additional 353 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after buying an additional 224 shares during the last quarter. Institutional investors and hedge funds 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.