Interactive Brokers Group (NASDAQ:IBKR) Reaches New 1-Year High – Here’s What Happened

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $79.18 and last traded at $78.5050, with a volume of 321073 shares trading hands. The stock had previously closed at $78.42.

Analysts Set New Price Targets

A number of equities analysts have recently commented on IBKR shares. CICC Research began coverage on Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 price target for the company. Barclays set a $83.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a report on Friday, October 17th. BMO Capital Markets increased their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $76.39.

Interactive Brokers Group Trading Down 0.2%

The firm has a market cap of $132.76 billion, a P/E ratio of 35.45, a price-to-earnings-growth ratio of 2.09 and a beta of 1.24. The stock’s fifty day moving average is $69.46 and its two-hundred day moving average is $67.13.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm posted $0.51 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. On average, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is currently 14.48%.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 400,000 shares of company stock valued at $30,725,122. 2.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Interactive Brokers Group

Large investors have recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new stake in Interactive Brokers Group during the 3rd quarter valued at approximately $27,000. Huntington National Bank raised its holdings in shares of Interactive Brokers Group by 51.8% in the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after buying an additional 176 shares during the period. Entrust Financial LLC purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at $31,000. Private Wealth Asset Management LLC increased its position in shares of Interactive Brokers Group by 300.0% during the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 435 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Interactive Brokers Group in the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

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.