Analysts Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Price Target at $98.90

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $98.90.

A number of research firms have weighed in on IBKR. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Interactive Brokers Group in a report on Wednesday, September 2nd. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Piper Sandler set a $109.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Bank of America raised their price objective on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $110.00 price objective (up from $105.00) on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $90.28 on Thursday. The firm has a market cap of $153.60 billion, a price-to-earnings ratio of 36.11, a P/E/G ratio of 1.68 and a beta of 1.35. Interactive Brokers Group has a 52 week low of $58.95 and a 52 week high of $98.75. The firm’s 50-day simple moving average is $92.14 and its two-hundred day simple moving average is $83.56.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. Analysts forecast that Interactive Brokers Group will post 2.68 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be issued a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Reflection Asset Management purchased a new position in Interactive Brokers Group during the fourth quarter worth about $26,000. IMA Advisory Services Inc. increased its stake in Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 178 shares during the last quarter. Tobam bought a new position in Interactive Brokers Group in the 4th quarter worth about $30,000. Entrust Financial LLC purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $31,000. Finally, SHP Wealth Management purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $31,000. Institutional investors own 23.80% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and related financial services to individual investors, financial professionals, hedge funds, proprietary trading groups and other institutional clients. Through its online platforms, the company offers access to stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and other investment products.

The company operates a technology-focused brokerage platform designed to provide access to multiple markets and asset classes from a single account.