Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $152.00

Interactive Brokers Group (NASDAQ:IBKR) had its price objective raised by Bank of America from $147.00 to $152.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on IBKR. UBS Group reduced their price objective on Interactive Brokers Group from $108.00 to $104.00 and set a buy rating for the company in a research note on Tuesday, January 9th. The Goldman Sachs Group raised Interactive Brokers Group from a neutral rating to a buy rating and raised their price objective for the company from $88.00 to $102.00 in a research note on Tuesday, January 9th. Piper Sandler raised their price objective on Interactive Brokers Group from $105.00 to $125.00 and gave the company an overweight rating in a research note on Friday, April 12th. Barclays raised their price objective on Interactive Brokers Group from $132.00 to $136.00 and gave the company an overweight rating in a research note on Wednesday. Finally, Citigroup raised their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the company a buy rating in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $124.00.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $111.55 on Wednesday. The company has a market cap of $46.97 billion, a P/E ratio of 19.07, a PEG ratio of 1.12 and a beta of 0.83. The stock has a 50 day simple moving average of $108.76 and a two-hundred day simple moving average of $92.86. Interactive Brokers Group has a fifty-two week low of $70.83 and a fifty-two week high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.30 earnings per share. On average, research analysts predict that Interactive Brokers Group will post 6.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The business also recently announced 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. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.90%. Interactive Brokers Group’s payout ratio is presently 6.84%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the transaction, the insider now owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Interactive Brokers Group news, insider Thomas Aj Frank sold 44,643 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $91.62, for a total value of $4,090,191.66. Following the transaction, the insider now owns 354,081 shares of the company’s stock, valued at $32,440,901.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the transaction, the insider now directly owns 234,552 shares in the company, valued at approximately $22,585,012.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 428,883 shares of company stock valued at $40,395,135. Insiders own 3.21% of the company’s stock.

Institutional Trading of Interactive Brokers Group

Several hedge funds have recently made changes to their positions in the company. Oliver Luxxe Assets LLC raised its stake in shares of Interactive Brokers Group by 1.8% in the first quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider’s stock valued at $787,000 after buying an additional 126 shares during the period. AQR Capital Management LLC raised its stake in shares of Interactive Brokers Group by 3.8% in the third quarter. AQR Capital Management LLC now owns 3,495 shares of the financial services provider’s stock valued at $303,000 after buying an additional 129 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Interactive Brokers Group by 2.1% in the third quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock valued at $552,000 after buying an additional 133 shares during the period. Toroso Investments LLC raised its stake in shares of Interactive Brokers Group by 1.1% in the third quarter. Toroso Investments LLC now owns 11,702 shares of the financial services provider’s stock valued at $1,013,000 after buying an additional 133 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in shares of Interactive Brokers Group by 22.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock valued at $62,000 after buying an additional 135 shares during the period. 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.