Interactive Brokers Group, Inc. (NASDAQ:IBKR) Given Average Recommendation of “Buy” by Brokerages

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have earned a consensus rating of “Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is $124.00.

IBKR has been the subject of a number of recent research reports. Piper Sandler raised their price objective on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Barclays boosted their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Jefferies Financial Group increased their price objective on Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Citigroup boosted their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, Bank of America raised their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th.

Hedge Funds Weigh In On Interactive Brokers Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Interactive Brokers Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock valued at $803,306,000 after purchasing an additional 123,226 shares during the period. Bares Capital Management Inc. increased its stake in Interactive Brokers Group by 10.4% during the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock worth $313,920,000 after buying an additional 264,543 shares during the period. Norges Bank acquired a new position in Interactive Brokers Group in the 4th quarter worth $97,476,000. Wells Fargo & Company MN boosted its position in Interactive Brokers Group by 1.4% in the 4th quarter. Wells Fargo & Company MN now owns 968,669 shares of the financial services provider’s stock valued at $80,303,000 after buying an additional 13,145 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Interactive Brokers Group by 122.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after acquiring an additional 524,503 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $121.06 on Tuesday. The firm has a market capitalization of $50.98 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.20 and a beta of 0.82. Interactive Brokers Group has a fifty-two week low of $72.60 and a fifty-two week high of $129.19. The stock’s fifty day moving average is $120.80 and its two-hundred day moving average is $106.02.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.01. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. As a group, sell-side analysts forecast that Interactive Brokers Group will post 6.59 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a yield of 0.83%. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

About Interactive Brokers Group

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.