Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Has Consensus Target Price of $98.90 According to Analysts

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have received an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $99.00.

A number of equities analysts have issued reports on the company. Wolfe Research started coverage on Interactive Brokers Group in a report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price for the company. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Interactive Brokers Group in a report on Wednesday, September 2nd. Raymond James Financial began coverage on Interactive Brokers Group in a research report on Wednesday, August 26th. They issued a “market perform” rating on the stock. Finally, Wells Fargo & Company initiated coverage on Interactive Brokers Group in a research note on Friday. They issued an “overweight” rating and a $102.00 target price on the stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. increased its stake in Interactive Brokers Group by 13.4% in the 2nd quarter. QRG Capital Management Inc. now owns 100,705 shares of the financial services provider’s stock valued at $8,765,000 after buying an additional 11,906 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Interactive Brokers Group by 35.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 31,052 shares of the financial services provider’s stock worth $2,703,000 after buying an additional 8,123 shares during the last quarter. Security National Bank of SO Dak acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth about $94,000. Sequoia Financial Advisors LLC grew its holdings in shares of Interactive Brokers Group by 38.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,304 shares of the financial services provider’s stock valued at $1,245,000 after acquiring an additional 3,966 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of Interactive Brokers Group by 2.9% in the 2nd quarter. Tidal Investments LLC now owns 71,292 shares of the financial services provider’s stock valued at $6,205,000 after acquiring an additional 1,977 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $88.30 on Monday. The firm has a market cap of $150.23 billion, a P/E ratio of 35.32, a PEG ratio of 1.63 and a beta of 1.37. Interactive Brokers Group has a twelve month low of $58.95 and a twelve month high of $98.75. The firm’s 50 day moving average price is $90.66 and its two-hundred day moving average price is $85.86.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue was up 28.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Interactive Brokers Group will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.00%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.