Interactive Brokers Group (NASDAQ:IBKR) Hits New 1-Year High at $139.10

Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s stock price reached a new 52-week high on Monday . The company traded as high as $139.10 and last traded at $138.05, with a volume of 218612 shares changing hands. The stock had previously closed at $137.53.

Wall Street Analysts Forecast Growth

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

Interactive Brokers Group Stock Performance

The firm has a fifty day moving average of $123.68 and a 200 day moving average of $120.57. The firm has a market capitalization of $58.23 billion, a PE ratio of 23.68, a P/E/G ratio of 1.21 and a beta of 0.80.

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

Interactive Brokers Group Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, August 30th. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IBKR. Rise Advisors LLC bought a new position in Interactive Brokers Group in the first quarter worth about $30,000. Tortoise Investment Management LLC grew its stake in Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after buying an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group in the second quarter worth $32,000. Kapitalo Investimentos Ltda boosted its holdings in shares of Interactive Brokers Group by 278.0% during the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 353 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Interactive Brokers Group by 213.6% during the first quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 329 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Company Profile

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.