Interactive Brokers Group (NASDAQ:IBKR) Stock Breaks Above 200-Day Moving Average – Time to Sell?

Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $82.79 and traded as high as $83.70. Interactive Brokers Group shares last traded at $83.54, with a volume of 4,611,688 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IBKR. Capital One Financial set a $105.00 price objective on Interactive Brokers Group in a research note on Tuesday, October 6th. The Goldman Sachs Group restated a “buy” rating and set a $111.00 target price on shares of Interactive Brokers Group in a research report on Thursday, October 1st. Rothschild & Co Redburn lifted their target price on shares of Interactive Brokers Group from $94.00 to $95.00 and gave the company a “buy” rating in a report on Monday, September 21st. BMO Capital Markets reiterated an “outperform” rating and issued a $100.00 price target (down from $105.00) on shares of Interactive Brokers Group in a research report on Friday, October 16th. Finally, Seaport Research Partners upgraded shares of Interactive Brokers Group to a “buy” rating in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.87.

Interactive Brokers Group Trading Down 6.0%

The company has a market cap of $130.84 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.34 and a beta of 1.37. The company’s 50 day moving average price is $88.40 and its 200 day moving average price is $82.88.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 earnings per share. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Tuesday, December 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.0875. The ex-dividend date is Tuesday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 13.46%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence Harris sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $82.61, for a total transaction of $2,065,250.00. Following the sale, the director directly owned 148,482 shares in the company, valued at approximately $12,266,098.02. The trade was a 14.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Interactive Brokers Group

A number of large investors have recently made changes to their positions in the stock. Fiduciary Financial Group LLC lifted its position in shares of Interactive Brokers Group by 3.1% in the second quarter. Fiduciary Financial Group LLC now owns 3,968 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 118 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Interactive Brokers Group by 0.9% during the first quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock valued at $1,172,000 after acquiring an additional 150 shares during the last quarter. Everhart Financial Group Inc. boosted its stake in shares of Interactive Brokers Group by 3.8% during the third quarter. Everhart Financial Group Inc. now owns 5,167 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 191 shares during the last quarter. CoreCap Advisors LLC increased its position in Interactive Brokers Group by 62.2% during the 3rd quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 201 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its position in Interactive Brokers Group by 0.4% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 57,807 shares of the financial services provider’s stock worth $4,938,000 after purchasing an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.