Jefferies Financial Group Cuts Interactive Brokers Group (NASDAQ:IBKR) Price Target to $81.00

Interactive Brokers Group (NASDAQ:IBKR) had its target price trimmed by Jefferies Financial Group from $91.00 to $81.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

A number of other research analysts also recently issued reports on IBKR. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. BMO Capital Markets upped their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, Barclays set a $83.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $76.97.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $72.31 on Monday. The company has a market capitalization of $122.66 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. The business has a fifty day moving average price of $70.59 and a two-hundred day moving average price of $68.92. Interactive Brokers Group has a 1 year low of $36.22 and a 1 year high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data 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. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. Sell-side analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is 14.48%.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 400,000 shares of company stock worth $30,725,122. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Interactive Brokers Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Interactive Brokers Group by 26.4% during the 3rd quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock worth $3,637,234,000 after purchasing an additional 11,048,679 shares in the last quarter. State Street Corp lifted its holdings in Interactive Brokers Group by 1.0% during the 4th quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock worth $1,211,377,000 after purchasing an additional 187,763 shares in the last quarter. Cantillon Capital Management LLC lifted its holdings in Interactive Brokers Group by 0.8% during the 4th quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock worth $820,589,000 after purchasing an additional 95,878 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Interactive Brokers Group by 17.6% during the 3rd quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock worth $750,110,000 after purchasing an additional 1,630,620 shares in the last quarter. Finally, Orbis Allan Gray Ltd lifted its holdings in Interactive Brokers Group by 178.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after purchasing an additional 6,246,715 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

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.