Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $59.38 Consensus PT from Brokerages

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has earned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $59.3750.

IBKR has been the topic of several recent research reports. Piper Sandler raised their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Citigroup raised their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Barclays raised their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Wall Street Zen upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, The Goldman Sachs Group raised their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th.

Interactive Brokers Group Trading Down 0.9%

Shares of Interactive Brokers Group stock opened at $62.24 on Friday. The firm has a market capitalization of $105.57 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 2.54 and a beta of 1.22. The business’s 50-day moving average price is $61.13 and its 200-day moving average price is $52.05. Interactive Brokers Group has a 12 month low of $30.01 and a 12 month high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The company’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.76 EPS. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 16.49%.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the transaction, the insider directly owned 461,500 shares in the company, valued at $31,146,635. This trade represents a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 233,972 shares of company stock worth $15,746,449. 2.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On Interactive Brokers Group

A number of large investors have recently made changes to their positions in the business. Compound Planning Inc. grew its position in shares of Interactive Brokers Group by 1.1% in the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock worth $958,000 after buying an additional 62 shares during the last quarter. CWM LLC grew its position in shares of Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock worth $176,000 after buying an additional 66 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Interactive Brokers Group by 0.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider’s stock worth $1,410,000 after buying an additional 70 shares during the last quarter. USS Investment Management Ltd grew its position in shares of Interactive Brokers Group by 0.4% in the 1st quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock worth $3,339,000 after buying an additional 76 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in shares of Interactive Brokers Group by 4.1% in the 1st quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider’s stock worth $329,000 after buying an additional 79 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

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.