Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $204.13 Average Price Target from Analysts

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $204.13.

IBKR has been the topic of several recent research reports. Barclays boosted their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. UBS Group upped their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Piper Sandler reiterated an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, Citigroup raised their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $231.14 on Wednesday. Interactive Brokers Group has a fifty-two week low of $94.45 and a fifty-two week high of $235.29. The stock’s fifty day moving average is $192.09 and its two-hundred day moving average is $160.21. The firm has a market capitalization of $97.66 billion, a P/E ratio of 32.74, a PEG ratio of 1.62 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the firm posted $1.52 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, equities analysts forecast that Interactive Brokers Group will post 7.39 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Interactive Brokers Group’s payout ratio is currently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Jill Bright purchased 135 shares of the stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.21% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

Hedge funds have recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new stake in Interactive Brokers Group during the fourth quarter worth about $25,000. SRH Advisors LLC acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc increased its stake in Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after buying an additional 71 shares during the period. Blue Trust Inc. lifted its holdings in Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after buying an additional 88 shares in the last quarter. Finally, Rialto Wealth Management LLC purchased a new position in Interactive Brokers Group in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds 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.