Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $76.39 Average PT from Brokerages

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $76.3929.

A number of equities analysts have recently weighed in on IBKR shares. BMO Capital Markets boosted their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Barclays set a $83.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 400,000 shares of company stock worth $30,725,122 over the last three months. 2.97% of the stock is currently owned by company insiders.

Institutional Trading of Interactive Brokers Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at approximately $27,000. Reflection Asset Management bought a new position in shares of Interactive Brokers Group during the fourth quarter worth about $26,000. IMA Advisory Services Inc. increased its stake in shares of Interactive Brokers Group by 64.3% in the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 178 shares during the period. Tobam acquired a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $30,000. Finally, Entrust Financial LLC acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at $31,000. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Trading Up 3.2%

NASDAQ:IBKR opened at $68.28 on Thursday. The firm has a 50-day moving average price of $72.58 and a two-hundred day moving average price of $68.42. Interactive Brokers Group has a twelve month low of $32.82 and a twelve month high of $79.18. The company has a market capitalization of $115.81 billion, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company earned $0.51 EPS. Interactive Brokers Group’s revenue was up 18.5% on a year-over-year basis. On average, equities research analysts predict that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.48%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.