Brokerages Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Price Target at $85.22

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $85.2222.

Several research analysts recently weighed in on IBKR shares. Piper Sandler lifted their price objective on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research note on Friday, May 1st. Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective on the stock. BMO Capital Markets lifted their price objective on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group reduced their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $89.89 on Friday. The company’s 50 day simple moving average is $85.62 and its 200 day simple moving average is $75.54. Interactive Brokers Group has a fifty-two week low of $52.96 and a fifty-two week high of $97.84. The firm has a market capitalization of $152.48 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 2.55 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm earned $1.94 EPS. Interactive Brokers Group’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, analysts predict that Interactive Brokers Group will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s payout ratio is 15.09%.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Institutional Trading of Interactive Brokers Group

Several hedge funds have recently bought and sold shares of the stock. State Street Corp raised its holdings in Interactive Brokers Group by 1.0% during the 4th quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock worth $1,211,377,000 after buying an additional 187,763 shares during the period. Cantillon Capital Management LLC raised its holdings in Interactive Brokers Group by 0.8% during the 4th quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock worth $820,589,000 after buying an additional 95,878 shares during the period. Wellington Management Group LLP raised its holdings in Interactive Brokers Group by 17.6% during the 3rd quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock worth $750,110,000 after buying an additional 1,630,620 shares during the period. Orbis Allan Gray Ltd raised its holdings in Interactive Brokers Group by 178.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after buying an additional 6,246,715 shares during the period. Finally, Invesco Ltd. raised its holdings in Interactive Brokers Group by 44.1% during the 4th quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock worth $533,026,000 after buying an additional 2,534,772 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.