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

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $173.00.

A number of research firms have recently issued reports on IBKR. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Piper Sandler reiterated an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Barclays raised their target price on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. UBS Group boosted their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th.

Interactive Brokers Group Trading Up 1.2 %

Shares of Interactive Brokers Group stock opened at $175.92 on Tuesday. Interactive Brokers Group has a twelve month low of $80.92 and a twelve month high of $193.42. The stock has a market cap of $74.33 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.42 and a beta of 0.85. The company has a fifty day moving average price of $171.53 and a 200 day moving average price of $141.65.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same period in the previous year, the company earned $1.55 EPS. Analysts forecast that Interactive Brokers Group will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. Interactive Brokers Group’s payout ratio is 15.27%.

Institutional Investors Weigh In On Interactive Brokers Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in Interactive Brokers Group by 3.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,473 shares of the financial services provider’s stock valued at $1,774,000 after purchasing an additional 511 shares during the last quarter. Raymond James & Associates raised its stake in Interactive Brokers Group by 3.9% during the second quarter. Raymond James & Associates now owns 430,795 shares of the financial services provider’s stock worth $52,815,000 after acquiring an additional 16,247 shares during the period. First Citizens Bank & Trust Co. bought a new position in Interactive Brokers Group in the second quarter worth about $233,000. Fifth Third Wealth Advisors LLC acquired a new position in Interactive Brokers Group in the second quarter valued at approximately $436,000. Finally, Griffin Asset Management Inc. bought a new position in shares of Interactive Brokers Group during the second quarter valued at approximately $436,000. 23.80% of the stock is owned by institutional investors and hedge funds.

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.