Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $231.00

Interactive Brokers Group (NASDAQ:IBKR) had its price objective upped by Barclays from $224.00 to $231.00 in a research report released on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods boosted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. UBS Group upped their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Citigroup upped their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Piper Sandler increased their target price on Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.25.

Interactive Brokers Group Stock Performance

IBKR opened at $218.99 on Wednesday. The firm’s fifty day moving average is $186.09 and its two-hundred day moving average is $152.91. The firm has a market cap of $92.53 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 1.49 and a beta of 0.87. Interactive Brokers Group has a twelve month low of $88.22 and a twelve month high of $220.66.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1,372,590.34 billion. During the same quarter last year, the business posted $1.52 EPS. The firm’s revenue was up 21.8% compared to the same quarter last year. Equities analysts forecast that Interactive Brokers Group will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s payout ratio is 14.16%.

Institutional Trading of Interactive Brokers Group

Several institutional investors and hedge funds have recently bought and sold shares of IBKR. Contravisory Investment Management Inc. acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $25,000. Versant Capital Management Inc boosted its holdings in shares of Interactive Brokers Group by 66.4% in the 4th 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 last quarter. Blue Trust Inc. grew its stake in shares of Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after buying an additional 88 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Interactive Brokers Group by 100.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after buying an additional 100 shares during the last quarter. Finally, UMB Bank n.a. raised its position in 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 acquiring an additional 224 shares in 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.