Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $213.50 Consensus Target Price from Analysts

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $213.50.

Several equities analysts have issued reports on the company. Piper Sandler dropped their price objective on Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. UBS Group raised their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group raised their price target on Interactive Brokers Group from $212.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Citigroup lowered their price target on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Finally, Bank of America lowered their price target on Interactive Brokers Group from $265.00 to $243.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $210.34 on Friday. The firm has a market capitalization of $88.88 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 1.59 and a beta of 1.19. The business’s fifty day moving average price is $173.86 and its 200 day moving average price is $186.65. Interactive Brokers Group has a 12 month low of $103.69 and a 12 month high of $236.53.

Interactive Brokers Group’s stock is going to split on the morning of Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.04). The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. As a group, equities analysts anticipate that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from Interactive Brokers Group’s previous dividend of $0.10. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.32%.

Institutional Investors Weigh In On Interactive Brokers Group

Hedge funds have recently added to or reduced their stakes in the company. Donoghue Forlines LLC acquired a new stake in Interactive Brokers Group in the fourth quarter valued at about $2,088,000. Union Bancaire Privee UBP SA acquired a new stake in Interactive Brokers Group in the fourth quarter valued at about $3,750,000. New Millennium Group LLC acquired a new stake in Interactive Brokers Group in the fourth quarter valued at about $2,319,000. Smartleaf Asset Management LLC lifted its position in Interactive Brokers Group by 34.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 480 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 122 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Interactive Brokers Group by 1,434.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,688 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 1,578 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.