Interactive Brokers Group (NASDAQ:IBKR) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Interactive Brokers Group (NASDAQ:IBKR) in a report released on Monday, Marketbeat reports. The brokerage issued a buy rating and a $102.00 target price on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the stock. China Renaissance began coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating and a $99.90 target price for the company. Weiss Ratings lowered shares of Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Seaport Research Partners upgraded shares of Interactive Brokers Group to a “buy” rating in a research report on Monday. Piper Sandler set a $109.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Finally, Capital One Financial set a $105.00 price objective on Interactive Brokers Group in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.18.

Interactive Brokers Group Stock Up 0.0%

Shares of IBKR stock opened at $87.89 on Monday. Interactive Brokers Group has a fifty-two week low of $58.95 and a fifty-two week high of $98.75. The stock has a market cap of $149.54 billion, a P/E ratio of 35.16, a P/E/G ratio of 1.56 and a beta of 1.37. The business has a fifty day simple moving average of $90.54 and a 200-day simple moving average of $86.74.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company posted $0.51 EPS. The business’s revenue was up 28.1% on a year-over-year basis. On average, sell-side analysts anticipate that Interactive Brokers Group will post 2.69 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

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

Institutional Trading of Interactive Brokers Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in shares of Interactive Brokers Group in the 2nd quarter worth about $210,639,000. Bessemer Group Inc. lifted its stake in shares of Interactive Brokers Group by 156.0% in the 1st quarter. Bessemer Group Inc. now owns 3,922,736 shares of the financial services provider’s stock valued at $263,097,000 after purchasing an additional 2,390,247 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Interactive Brokers Group by 2,707.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,192,749 shares of the financial services provider’s stock worth $79,998,000 after purchasing an additional 1,150,271 shares during the period. Amundi grew its holdings in shares of Interactive Brokers Group by 62.4% during the 1st quarter. Amundi now owns 2,433,236 shares of the financial services provider’s stock worth $163,197,000 after purchasing an additional 934,843 shares during the period. Finally, Capital Impact Advisors LLC grew its holdings in shares of Interactive Brokers Group by 173.7% during the 4th quarter. Capital Impact Advisors LLC now owns 493,957 shares of the financial services provider’s stock worth $31,766,000 after purchasing an additional 313,461 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.