Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Has Average Target Price of $98.90 According to Brokerages

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have received an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $98.90.

A number of analysts have recently commented on the stock. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 24th. Weiss Ratings upgraded shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Bank of America lifted their target price on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. BMO Capital Markets reiterated an “outperform” rating and set a $110.00 target price (up from $105.00) on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Interactive Brokers Group in a report on Wednesday, September 2nd.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $85.42 on Monday. Interactive Brokers Group has a one year low of $58.95 and a one year high of $98.75. The business’s fifty day moving average is $90.85 and its 200 day moving average is $85.58. The stock has a market capitalization of $145.33 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.Interactive Brokers Group’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. As a group, sell-side analysts expect that Interactive Brokers Group will post 2.68 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Tuesday, September 1st were given 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 was Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio is 14.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IBKR. Vise Technologies Inc. boosted its holdings in shares of Interactive Brokers Group by 151.8% in the fourth quarter. Vise Technologies Inc. now owns 24,209 shares of the financial services provider’s stock worth $1,557,000 after buying an additional 14,593 shares during the last quarter. Cetera Investment Advisers increased its holdings in Interactive Brokers Group by 30.1% during the first quarter. Cetera Investment Advisers now owns 209,311 shares of the financial services provider’s stock valued at $14,038,000 after buying an additional 48,443 shares during the last quarter. MUFG Securities EMEA plc increased its holdings in Interactive Brokers Group by 1,223.3% during the fourth quarter. MUFG Securities EMEA plc now owns 112,774 shares of the financial services provider’s stock valued at $7,252,000 after buying an additional 104,252 shares during the last quarter. DUTCH ASSET Corp increased its holdings in Interactive Brokers Group by 22.3% during the first quarter. DUTCH ASSET Corp now owns 65,098 shares of the financial services provider’s stock valued at $4,366,000 after buying an additional 11,852 shares during the last quarter. Finally, Progeny 3 Inc. raised its position in Interactive Brokers Group by 3.1% in the first quarter. Progeny 3 Inc. now owns 2,195,640 shares of the financial services provider’s stock worth $147,262,000 after acquiring an additional 65,880 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.