Interactive Brokers Group (NASDAQ:IBKR) Stock Rated “Outperform” in New Coverage at Evercore

Evercore assumed coverage on shares of Interactive Brokers Group (NASDAQ:IBKR) in a report released on Monday, MarketBeat reports. The firm issued an outperform rating and a $100.00 price objective on the financial services provider’s stock.

Several other research analysts also recently issued reports on IBKR. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 24th. Weiss Ratings downgraded shares of Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $111.00 target price on shares of Interactive Brokers Group in a research report on Thursday, October 1st. CICC Research boosted their target price on shares of Interactive Brokers Group from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, Capital One Financial set a $105.00 price target on shares of Interactive Brokers Group in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.18.

Interactive Brokers Group Stock Down 3.8%

Shares of IBKR opened at $84.14 on Monday. Interactive Brokers Group has a 12-month low of $58.95 and a 12-month high of $98.75. The business has a 50-day simple moving average of $90.43 and a two-hundred day simple moving average of $87.00. The stock has a market cap of $143.16 billion, a PE ratio of 33.66, a PEG ratio of 1.55 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%. The business’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. On average, equities research analysts expect that Interactive Brokers Group will post 2.69 EPS for the current year.

Interactive Brokers Group Announces Dividend

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

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Trust Services Inc. lifted its position in shares of Interactive Brokers Group by 1,217.2% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 382 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 353 shares during the period. Reflection Asset Management bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $26,000. Tobam acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $30,000. SHP Wealth Management acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $31,000. Finally, CoreCap Advisors LLC increased its position in shares of Interactive Brokers Group by 62.2% during the third quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock worth $45,000 after buying an additional 201 shares during the period. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group News Roundup

Here are the key news stories impacting Interactive Brokers Group this week:

• Positive Sentiment: Analysts expect IBKR’s third-quarter results to benefit from robust customer trading, higher net interest income and continued client growth. However, rising operating expenses could limit earnings leverage. Increased Trading Activity, Higher NII Likely to Aid IBKR Q3 Earnings
• Positive Sentiment: The upcoming earnings report could exceed expectations if unusually active summer-market trading was not fully reflected in forecasts, providing a possible near-term upside catalyst. Interactive Brokers Group’s Next Earnings Report Tomorrow Could Send the Stock Soaring
• Positive Sentiment: IBKR launched cryptocurrency staking for eligible clients, expanding its digital-asset offering. The service, along with AI-enabled tools and global reach, could improve customer engagement and create additional revenue opportunities. Interactive Brokers Group Launches Cryptocurrency Staking
• Positive Sentiment: Evercore initiated coverage with an “outperform” rating and a $100 price target, implying meaningful upside from the referenced share price. IBKR was also included among fintech stocks positioned to benefit from digital payments, AI and expanding financial services. Evercore Initiates Coverage on Interactive Brokers Group
• Negative Sentiment: Investors may remain cautious because operating costs are increasing and the stock’s valuation leaves less room for disappointment. The recent pullback likely reflects elevated expectations ahead of earnings, despite broadly bullish analyst commentary.

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.