UBS Group Boosts Interactive Brokers Group (NASDAQ:IBKR) Price Target to $155.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target lifted by UBS Group from $145.00 to $155.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on the stock. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an outperform rating to a market perform rating and lifted their price target for the company from $128.00 to $135.00 in a report on Thursday, July 11th. Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a buy rating in a report on Monday, July 8th. Finally, Barclays lifted their price target on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an overweight rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $133.44.

Interactive Brokers Group Trading Up 0.6 %

Shares of NASDAQ:IBKR opened at $122.77 on Monday. The firm has a 50 day moving average of $121.45 and a 200-day moving average of $118.51. The stock has a market capitalization of $51.70 billion, a PE ratio of 20.99, a PEG ratio of 1.09 and a beta of 0.80. Interactive Brokers Group has a 12 month low of $72.60 and a 12 month high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.74 by $0.02. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.32 EPS. On average, research analysts predict that Interactive Brokers Group will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Friday, August 30th. Interactive Brokers Group’s payout ratio is 17.09%.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors have recently added to or reduced their stakes in IBKR. Vanguard Group Inc. lifted its position in shares of Interactive Brokers Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock worth $803,306,000 after purchasing an additional 123,226 shares during the period. Greenwich Wealth Management LLC lifted its position in shares of Interactive Brokers Group by 0.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock worth $365,271,000 after purchasing an additional 8,038 shares during the period. Bares Capital Management Inc. lifted its position in shares of Interactive Brokers Group by 10.4% in the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock worth $313,920,000 after purchasing an additional 264,543 shares during the period. Marshall Wace LLP lifted its position in shares of Interactive Brokers Group by 23.8% in the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after purchasing an additional 481,826 shares during the period. Finally, Norges Bank acquired a new position in shares of Interactive Brokers Group in the 4th quarter worth approximately $97,476,000. 23.80% of the stock is owned by institutional investors.

About Interactive Brokers Group

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.