Interactive Brokers Group (NASDAQ:IBKR) Hits New 12-Month High at $134.83

Interactive Brokers Group, Inc. (NASDAQ:IBKR) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $134.83 and last traded at $134.59, with a volume of 16821 shares changing hands. The stock had previously closed at $133.02.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IBKR shares. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. UBS Group raised their price target on shares of Interactive Brokers Group from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Jefferies Financial Group lifted their price objective on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Finally, Barclays upped their target price on Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.44.

Interactive Brokers Group Trading Up 1.2 %

The firm has a market cap of $56.70 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.80. The company has a 50-day simple moving average of $122.29 and a 200 day simple moving average of $119.58.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.02. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $1.32 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, August 30th. Interactive Brokers Group’s payout ratio is 17.09%.

Institutional Trading of Interactive Brokers Group

Several institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth about $2,364,000. Cetera Investment Advisers raised its holdings in shares of Interactive Brokers Group by 0.6% during the second quarter. Cetera Investment Advisers now owns 42,307 shares of the financial services provider’s stock valued at $5,187,000 after acquiring an additional 259 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Interactive Brokers Group by 37.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,532 shares of the financial services provider’s stock valued at $188,000 after acquiring an additional 420 shares in the last quarter. Creative Planning boosted its stake in shares of Interactive Brokers Group by 12.2% in the second quarter. Creative Planning now owns 7,768 shares of the financial services provider’s stock worth $952,000 after acquiring an additional 845 shares during the last quarter. Finally, Nemes Rush Group LLC increased its position in shares of Interactive Brokers Group by 181.8% during the second quarter. Nemes Rush Group LLC now owns 1,037 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 669 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.