Brokerages Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Price Target at $76.39

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been given a consensus rating of “Buy” by the nine brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $76.3929.

Several analysts have recently weighed in on IBKR shares. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. BMO Capital Markets increased their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, CICC Research started coverage on Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company.

Insiders Place Their Bets

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 400,000 shares of company stock worth $30,725,122 over the last quarter. 2.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors and hedge funds have recently bought and sold shares of the business. National Pension Service increased its position in Interactive Brokers Group by 2.2% in the third quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock worth $48,692,000 after purchasing an additional 15,339 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Interactive Brokers Group by 36.8% during the third quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock worth $1,777,000 after buying an additional 7,234 shares during the last quarter. State of Michigan Retirement System lifted its holdings in Interactive Brokers Group by 15.0% in the third quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock valued at $8,285,000 after buying an additional 15,684 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Interactive Brokers Group by 1,221.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock worth $5,073,000 after acquiring an additional 68,148 shares during the period. Finally, Convergence Investment Partners LLC acquired a new stake in Interactive Brokers Group during the 3rd quarter worth $2,468,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 0.5%

Shares of NASDAQ:IBKR opened at $74.39 on Friday. The firm has a market capitalization of $126.18 billion, a PE ratio of 33.58, a PEG ratio of 2.08 and a beta of 1.24. Interactive Brokers Group has a 1-year low of $32.82 and a 1-year high of $79.18. The business’s 50 day moving average is $71.17 and its 200-day moving average is $67.73.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.Interactive Brokers Group’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. On average, sell-side analysts predict that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.08 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s payout ratio is 14.48%.

About Interactive Brokers Group

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.