Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $96.89 Consensus Price Target from Analysts

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have received an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $96.8889.

A number of research analysts have weighed in on IBKR shares. China Renaissance assumed coverage on Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating on the stock. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a research note on Friday, May 1st. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a $110.00 price target (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Finally, Barclays set a $114.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Fiduciary Financial Group LLC raised its position in shares of Interactive Brokers Group by 3.1% in the second quarter. Fiduciary Financial Group LLC now owns 3,968 shares of the financial services provider’s stock valued at $345,000 after buying an additional 118 shares during the last quarter. HM Payson & Co. boosted its position in Interactive Brokers Group by 5.8% during the fourth quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 133 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in Interactive Brokers Group by 1.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock valued at $738,000 after acquiring an additional 143 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Interactive Brokers Group by 0.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock valued at $1,172,000 after acquiring an additional 150 shares in the last quarter. Finally, S&CO Inc. raised its holdings in Interactive Brokers Group by 0.3% in the 4th quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock valued at $4,056,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 1.0%

Shares of IBKR opened at $89.78 on Friday. The firm has a fifty day simple moving average of $91.22 and a two-hundred day simple moving average of $80.92. The firm has a market cap of $152.30 billion, a PE ratio of 35.91, a P/E/G ratio of 1.67 and a beta of 1.34. Interactive Brokers Group has a 1-year low of $58.95 and a 1-year high of $97.84.

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 analysts’ consensus estimates 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 firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, research analysts forecast that Interactive Brokers Group will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio is currently 14.00%.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.