Interactive Brokers Group (NASDAQ:IBKR) Given New $220.00 Price Target at Citigroup

Interactive Brokers Group (NASDAQ:IBKR) had its target price hoisted by Citigroup from $180.00 to $220.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other research firms have also issued reports on IBKR. Keefe, Bruyette & Woods upped their price target on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Piper Sandler increased their target price on Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. The Goldman Sachs Group lifted their price target 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. Jefferies Financial Group increased their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Barclays raised their target price on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.25.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $185.21 on Friday. The company has a market capitalization of $78.26 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.41 and a beta of 0.87. The business has a 50 day moving average of $181.34 and a 200 day moving average of $148.36. Interactive Brokers Group has a 1-year low of $83.86 and a 1-year high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. As a group, sell-side analysts anticipate that Interactive Brokers Group will post 6.82 EPS 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 dividend yield of 0.54%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

Institutional Trading of Interactive Brokers Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc grew its holdings in shares of Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 71 shares during the period. Fairfield Financial Advisors LTD purchased a new stake in Interactive Brokers Group in the second quarter worth $32,000. UMB Bank n.a. raised its holdings in Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 224 shares in the last quarter. Smithfield Trust Co raised its holdings in Interactive Brokers Group by 80.6% in the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 154 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in Interactive Brokers Group during the third quarter valued at $49,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

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.