Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $213.50 Average PT from Brokerages

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

IBKR has been the topic of several recent analyst reports. StockNews.com upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Citigroup decreased their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Bank of America lowered their price objective on shares of Interactive Brokers Group from $265.00 to $243.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. UBS Group upped their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, The Goldman Sachs Group increased their target price on Interactive Brokers Group from $212.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday.

Interactive Brokers Group Stock Up 1.0%

Shares of NASDAQ IBKR opened at $209.15 on Friday. The firm’s fifty day moving average is $172.14 and its 200 day moving average is $186.10. Interactive Brokers Group has a 52 week low of $103.69 and a 52 week high of $236.53. The company has a market cap of $88.38 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 1.59 and a beta of 1.19.

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

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Equities research analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.32 per share. This is a boost from Interactive Brokers Group’s previous dividend of $0.10. The ex-dividend date of this dividend is Friday, May 30th. Interactive Brokers Group’s payout ratio is presently 17.32%.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC grew its position in Interactive Brokers Group by 3.0% during the 1st quarter. Empowered Funds LLC now owns 39,131 shares of the financial services provider’s stock valued at $6,480,000 after purchasing an additional 1,156 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Interactive Brokers Group during the first quarter valued at approximately $1,167,000. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Interactive Brokers Group by 54.4% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,103 shares of the financial services provider’s stock valued at $679,000 after acquiring an additional 1,446 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Interactive Brokers Group during the first quarter valued at approximately $1,384,000. Finally, Sciencast Management LP purchased a new position in Interactive Brokers Group in the 1st quarter worth approximately $2,092,000. 23.80% of the stock is currently owned by institutional investors.

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.