Brokerages Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) PT at $72.08

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $72.0833.

IBKR has been the topic of several research analyst reports. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research report on Friday, October 17th. CICC Research initiated coverage on Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 price target for the company. BMO Capital Markets boosted their price target on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Barclays set a $80.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Friday, October 17th.

Interactive Brokers Group Trading Up 1.5%

IBKR opened at $65.95 on Tuesday. The stock’s fifty day simple moving average is $67.71 and its 200 day simple moving average is $62.11. Interactive Brokers Group has a 1-year low of $32.82 and a 1-year high of $73.35. The stock has a market cap of $111.86 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 1.98 and a beta of 1.26.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.49 by $0.08. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The company’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.61 earnings per share. Equities analysts forecast that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.38%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright purchased 400 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was bought at an average cost of $65.95 per share, for a total transaction of $26,380.00. Following the completion of the transaction, the director owned 10,304 shares in the company, valued at approximately $679,548.80. This represents a 4.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lawrence E. Harris sold 10,645 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total value of $734,505.00. Following the completion of the sale, the director owned 198,704 shares of the company’s stock, valued at approximately $13,710,576. This trade represents a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,026,711 shares of company stock worth $65,238,880 in the last quarter. 2.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Interactive Brokers Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in Interactive Brokers Group by 50.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock valued at $98,886,000 after buying an additional 199,467 shares in the last quarter. Thrive Wealth Management LLC increased its stake in Interactive Brokers Group by 243.8% during the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock worth $482,000 after buying an additional 6,163 shares in the last quarter. Quinn Opportunity Partners LLC raised its holdings in shares of Interactive Brokers Group by 158.0% during the second quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock valued at $17,233,000 after acquiring an additional 190,452 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Interactive Brokers Group by 335.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 374,008 shares of the financial services provider’s stock valued at $20,724,000 after acquiring an additional 288,055 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Interactive Brokers Group by 290.7% in the second quarter. American Century Companies Inc. now owns 5,602,511 shares of the financial services provider’s stock valued at $310,435,000 after acquiring an additional 4,168,530 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

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.