Piper Sandler Cuts Interactive Brokers Group (NASDAQ:IBKR) Price Target to $192.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target trimmed by Piper Sandler from $210.00 to $192.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

IBKR has been the subject of several other research reports. Citigroup cut their target price on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. UBS Group raised their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Barclays lowered their target price on shares of Interactive Brokers Group from $231.00 to $188.00 and set an “overweight” rating for the company in a research note on Monday. Keefe, Bruyette & Woods boosted their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Finally, StockNews.com cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $195.88.

Interactive Brokers Group Trading Down 3.8 %

Shares of IBKR stock opened at $164.31 on Tuesday. Interactive Brokers Group has a twelve month low of $103.69 and a twelve month high of $236.53. The company’s 50-day moving average price is $191.12 and its 200-day moving average price is $180.42. The stock has a market cap of $69.43 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 1.59 and a beta of 1.02.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. Interactive Brokers Group’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 EPS. As a group, equities research analysts predict that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.61%. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now directly owns 2,476 shares of the company’s stock, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.99% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

A number of institutional investors and hedge funds have recently made changes to their positions in IBKR. Quantinno Capital Management LP lifted its stake in Interactive Brokers Group by 82.3% in the third quarter. Quantinno Capital Management LP now owns 3,167 shares of the financial services provider’s stock worth $441,000 after acquiring an additional 1,430 shares during the last quarter. State Street Corp lifted its position in shares of Interactive Brokers Group by 1.7% during the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock worth $449,037,000 after purchasing an additional 52,911 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of Interactive Brokers Group by 246.3% during the third quarter. Two Sigma Advisers LP now owns 83,800 shares of the financial services provider’s stock worth $11,678,000 after purchasing an additional 59,600 shares in the last quarter. National Bank of Canada FI increased its holdings in Interactive Brokers Group by 21.0% in the third quarter. National Bank of Canada FI now owns 9,210 shares of the financial services provider’s stock valued at $1,284,000 after buying an additional 1,598 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in Interactive Brokers Group by 10.2% in the third quarter. MML Investors Services LLC now owns 9,309 shares of the financial services provider’s stock valued at $1,297,000 after buying an additional 858 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

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.