Brokerages Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Target Price at $96.89

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $96.8889.

A number of brokerages recently weighed in on IBKR. Barclays set a $114.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. China Renaissance initiated coverage on shares of Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating on the stock. Bank of America boosted their target price 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, The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a report on Friday, May 1st.

Institutional Investors Weigh In On Interactive Brokers Group

Several institutional investors have recently bought and sold shares of IBKR. Fiduciary Financial Group LLC boosted its stake in shares of Interactive Brokers Group by 3.1% in the second quarter. Fiduciary Financial Group LLC now owns 3,968 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 118 shares during the last quarter. HM Payson & Co. grew its stake in shares of Interactive Brokers Group by 5.8% in the 4th quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock valued at $155,000 after buying an additional 133 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in Interactive Brokers Group by 1.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock worth $738,000 after acquiring an additional 143 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Interactive Brokers Group by 0.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock worth $1,172,000 after purchasing an additional 150 shares during the last quarter. Finally, S&CO Inc. increased its position in shares of Interactive Brokers Group by 0.3% during the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock valued at $4,056,000 after acquiring an additional 160 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Down 0.3%

Shares of IBKR stock opened at $91.42 on Friday. Interactive Brokers Group has a twelve month low of $58.95 and a twelve month high of $97.84. The stock has a fifty day simple moving average of $91.39 and a two-hundred day simple moving average of $81.12. The stock has a market capitalization of $155.08 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 1.69 and a beta of 1.34.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. Research analysts predict that Interactive Brokers Group will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio is presently 14.00%.

Interactive Brokers Group Company Profile

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.