Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $98.90 Consensus PT from Analysts

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $98.90.

A number of equities research analysts recently weighed in on IBKR shares. Wolfe Research started coverage on Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 price target on the stock. Barclays set a $114.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Interactive Brokers Group in a report on Wednesday. BMO Capital Markets reissued an “outperform” rating and issued a $110.00 price objective (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Finally, China Renaissance started coverage on shares of Interactive Brokers Group in a research note on Tuesday, July 7th. They set a “hold” rating for the company.

Institutional Investors Weigh In On Interactive Brokers Group

Hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System grew its holdings in Interactive Brokers Group by 8,229.0% in the 2nd quarter. California State Teachers Retirement System now owns 53,724,396 shares of the financial services provider’s stock valued at $4,676,171,000 after buying an additional 53,079,364 shares in the last quarter. State Street Corp boosted its position in shares of Interactive Brokers Group by 1.0% in the fourth quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock valued at $1,211,377,000 after acquiring an additional 187,763 shares during the period. Cantillon Capital Management LLC grew its stake in shares of Interactive Brokers Group by 0.8% in the fourth quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock valued at $820,589,000 after acquiring an additional 95,878 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Interactive Brokers Group by 17.6% in the third quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock valued at $750,110,000 after acquiring an additional 1,630,620 shares in the last quarter. Finally, Orbis Allan Gray Ltd grew its stake in shares of Interactive Brokers Group by 178.8% in the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after acquiring an additional 6,246,715 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $92.62 on Thursday. Interactive Brokers Group has a 52-week low of $58.95 and a 52-week high of $98.75. The company has a market capitalization of $157.58 billion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35. The company has a 50-day simple moving average of $92.03 and a 200 day simple moving average of $83.14.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The business’s revenue was up 28.1% compared to the same quarter last year. As a group, equities analysts forecast that Interactive Brokers Group will post 2.68 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be issued a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio is currently 14.00%.

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.