Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $124.00 Average Price Target from Analysts

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been assigned an average rating of “Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $124.00.

IBKR has been the subject of a number of recent analyst reports. Piper Sandler boosted their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Citigroup upped their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Bank of America boosted their price target on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Barclays raised their price objective on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Finally, Jefferies Financial Group boosted their target price on Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th.

Interactive Brokers Group Trading Down 0.7 %

Interactive Brokers Group stock opened at $119.72 on Monday. The stock has a fifty day moving average price of $112.13 and a 200 day moving average price of $95.78. Interactive Brokers Group has a 52 week low of $72.60 and a 52 week high of $122.88. The firm has a market capitalization of $50.41 billion, a P/E ratio of 20.46, a PEG ratio of 1.22 and a beta of 0.81.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a yield of 0.84%. Interactive Brokers Group’s payout ratio is 17.09%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the transaction, the insider now directly owns 113,770 shares in the company, valued at $11,929,922.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 50,000 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $101.07, for a total transaction of $5,053,500.00. Following the sale, the insider now directly owns 158,770 shares in the company, valued at approximately $16,046,883.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the transaction, the insider now owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock valued at $6,613,100 over the last 90 days. 3.21% of the stock is owned by corporate insiders.

Institutional Trading of Interactive Brokers Group

A number of hedge funds and other institutional investors have recently made changes to their positions in IBKR. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $25,000. Rise Advisors LLC acquired a new stake in Interactive Brokers Group during the first quarter valued at approximately $30,000. Rakuten Securities Inc. bought a new position in Interactive Brokers Group during the 4th quarter worth approximately $34,000. Headlands Technologies LLC acquired a new position in shares of Interactive Brokers Group in the 3rd quarter worth approximately $40,000. Finally, Principal Securities Inc. bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at approximately $40,000. Institutional investors own 23.80% of the company’s stock.

About Interactive Brokers Group

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.