Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been given a consensus rating of “Hold” by the nine analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $53.00.
IBKR has been the topic of several research reports. BidaskClub downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 16th. Sandler O’Neill restated a “buy” rating on shares of Interactive Brokers Group in a report on Friday, February 2nd. SunTrust Banks boosted their price objective on shares of Interactive Brokers Group from $48.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, January 17th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Goldman Sachs Group cut shares of Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 target price on the stock. in a research note on Monday, January 8th.
Interactive Brokers Group (IBKR) traded down $0.51 during trading hours on Wednesday, hitting $67.37. 1,064,883 shares of the stock traded hands, compared to its average volume of 796,932. Interactive Brokers Group has a one year low of $33.01 and a one year high of $68.58. The company has a market cap of $27,946.60, a P/E ratio of 62.96, a price-to-earnings-growth ratio of 3.27 and a beta of 1.05.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Thursday, March 1st will be paid a $0.10 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.59%. Interactive Brokers Group’s payout ratio is currently 37.38%.
In related news, Vice Chairman Earl H. Nemser sold 32,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $62.80, for a total value of $2,009,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.41% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC bought a new stake in Interactive Brokers Group in the fourth quarter valued at about $2,678,000. Abrams Bison Investments LLC increased its stake in Interactive Brokers Group by 5.0% in the fourth quarter. Abrams Bison Investments LLC now owns 229,899 shares of the financial services provider’s stock valued at $13,612,000 after acquiring an additional 10,899 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Interactive Brokers Group by 18.4% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 31,860 shares of the financial services provider’s stock valued at $1,887,000 after acquiring an additional 4,960 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Interactive Brokers Group by 882.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 20,411 shares of the financial services provider’s stock valued at $1,209,000 after acquiring an additional 18,333 shares during the period. Finally, Millennium Management LLC bought a new stake in Interactive Brokers Group in the fourth quarter valued at about $9,214,000. 15.74% of the stock is currently owned by institutional investors and hedge funds.
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About Interactive Brokers Group
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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