Interactive Brokers Group (IBKR) Reaches New 52-Week High at $69.24
Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) hit a new 52-week high on Wednesday . The company traded as high as $69.24 and last traded at $67.87, with a volume of 503400 shares traded. The stock had previously closed at $67.87.
A number of analysts recently weighed in on IBKR shares. BidaskClub cut shares of Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 16th. Zacks Investment Research cut shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Goldman Sachs Group cut shares of Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price target for the company. in a research note on Monday, January 8th. SunTrust Banks increased their price target on shares of Interactive Brokers Group from $48.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. Finally, Sandler O’Neill reiterated a “buy” rating on shares of Interactive Brokers Group in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Interactive Brokers Group currently has an average rating of “Hold” and an average target price of $50.33.
The firm has a market capitalization of $27,736.77, a PE ratio of 63.43, a P/E/G ratio of 3.25 and a beta of 1.05.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.59%. Interactive Brokers Group’s payout ratio is currently 37.38%.
In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 32,000 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $62.80, for a total transaction of $2,009,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.41% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $118,000. The Manufacturers Life Insurance Company increased its holdings in shares of Interactive Brokers Group by 27.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 647 shares in the last quarter. FNY Partners Fund LP purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $177,000. LS Investment Advisors LLC increased its holdings in shares of Interactive Brokers Group by 34.3% in the 4th quarter. LS Investment Advisors LLC now owns 3,300 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 843 shares in the last quarter. Finally, Advisor Partners LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $206,000. Institutional investors own 15.22% of the company’s stock.
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Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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