Interactive Brokers Group (NASDAQ:IBKR) Given New $220.00 Price Target at Citigroup

Interactive Brokers Group (NASDAQ:IBKR) had its price target hoisted by Citigroup from $180.00 to $220.00 in a report released on Friday,Benzinga reports. Citigroup currently has a buy rating on the financial services provider’s stock.

Several other analysts have also recently issued reports on IBKR. Piper Sandler increased their target price on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday. Jefferies Financial Group lifted 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. Barclays upped their target price on Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. UBS Group lifted their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $188.25.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $185.21 on Friday. The company has a market cap of $78.26 billion, a P/E ratio of 28.28, a P/E/G ratio of 1.41 and a beta of 0.87. Interactive Brokers Group has a 1 year low of $83.86 and a 1 year high of $193.42. The stock’s fifty day moving average price is $180.71 and its two-hundred day moving average price is $147.56.

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

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

Hedge Funds Weigh In On Interactive Brokers Group

Several institutional investors and hedge funds have recently made changes to their positions in IBKR. Versant Capital Management Inc boosted its position in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the period. Fairfield Financial Advisors LTD purchased a new stake in Interactive Brokers Group during the 2nd quarter valued at about $32,000. UMB Bank n.a. grew its position in Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 224 shares during the last quarter. Fortitude Family Office LLC increased its stake in Interactive Brokers Group by 105.7% in the 4th quarter. Fortitude Family Office LLC now owns 288 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 148 shares during the period. Finally, Smithfield Trust Co lifted its position in Interactive Brokers Group by 80.6% in the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 154 shares during the last quarter. 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.