Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $166.13 Average Price Target from Brokerages

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $166.13.

Several research firms have recently commented on IBKR. Barclays lifted their price objective on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. UBS Group lifted their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group raised their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Finally, Jefferies Financial Group increased their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $173.79 on Tuesday. Interactive Brokers Group has a fifty-two week low of $80.92 and a fifty-two week high of $193.42. The firm has a market capitalization of $73.43 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.42 and a beta of 0.85. The stock’s 50-day simple moving average is $171.03 and its 200-day simple moving average is $141.31.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter last year, the business earned $1.55 earnings per share. As a group, equities analysts forecast that Interactive Brokers Group will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

Institutional Investors Weigh In On Interactive Brokers Group

Hedge funds have recently bought and sold shares of the stock. Millennium Management LLC boosted its stake in shares of Interactive Brokers Group by 1,292.1% during the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after acquiring an additional 1,004,289 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in Interactive Brokers Group in the 3rd quarter worth about $83,630,000. Marshall Wace LLP boosted its position in Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after purchasing an additional 481,826 shares in the last quarter. Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group in the third quarter valued at approximately $26,946,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Interactive Brokers Group by 262.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after purchasing an additional 187,010 shares during the period. Hedge funds and other institutional investors 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.