Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $76.39 Consensus PT from Analysts

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $76.3929.

Several analysts recently issued reports on IBKR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. BMO Capital Markets boosted their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Barclays set a $83.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 400,000 shares of company stock worth $30,725,122 in the last 90 days. Company insiders own 2.97% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

A number of large investors have recently added to or reduced their stakes in IBKR. Reflection Asset Management acquired a new position in Interactive Brokers Group in the 4th quarter worth $26,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Interactive Brokers Group during the third quarter valued at about $27,000. IMA Advisory Services Inc. grew its stake in shares of Interactive Brokers Group by 64.3% during the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 178 shares in the last quarter. Tobam purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth about $30,000. Finally, Entrust Financial LLC purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth about $31,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 1.1%

IBKR opened at $66.19 on Thursday. Interactive Brokers Group has a 52-week low of $32.82 and a 52-week high of $79.18. The company has a 50 day moving average of $72.65 and a two-hundred day moving average of $68.34. The company has a market cap of $112.27 billion, a P/E ratio of 29.88, a P/E/G ratio of 1.85 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. Research analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.48%.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.