Interactive Brokers Group (NASDAQ:IBKR) Now Covered by BMO Capital Markets

BMO Capital Markets assumed coverage on shares of Interactive Brokers Group (NASDAQ:IBKR) in a report released on Friday, MarketBeat.com reports. The firm issued an outperform rating and a $82.00 price objective on the financial services provider’s stock.

A number of other analysts have also recently commented on IBKR. Barclays upped their price target on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Piper Sandler upped their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Wall Street Zen raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, Citigroup upped their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.47.

Interactive Brokers Group Stock Down 0.8%

NASDAQ IBKR opened at $70.36 on Friday. The company has a market capitalization of $119.34 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 2.91 and a beta of 1.22. Interactive Brokers Group has a twelve month low of $32.82 and a twelve month high of $71.78. The stock has a fifty day simple moving average of $64.33 and a 200 day simple moving average of $54.56.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.Interactive Brokers Group’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 earnings per share. Research analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Interactive Brokers Group’s dividend payout ratio is 16.49%.

Insider Transactions at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the transaction, the insider owned 461,500 shares of the company’s stock, valued at $31,146,635. This represents a 29.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul Jonathan Brody sold 116,861 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the sale, the chief financial officer owned 158,954 shares in the company, valued at $10,289,092.42. This represents a 42.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,205,683 shares of company stock worth $77,217,965 in the last three months. Insiders own 2.97% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

Institutional investors and hedge funds have recently made changes to their positions in the business. N.E.W. Advisory Services LLC acquired a new stake in shares of Interactive Brokers Group in the 1st quarter worth about $26,000. ORG Partners LLC raised its holdings in shares of Interactive Brokers Group by 312.9% in the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 363 shares during the last quarter. Huntington National Bank raised its holdings in shares of Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 176 shares during the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 423 shares during the last quarter. Finally, Private Wealth Asset Management LLC raised its holdings in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 435 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

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.