Interactive Brokers Group Inc. (NASDAQ:IBKR) shares rose 1.3% during trading on Friday . The stock traded as high as $35.22 and last traded at $35.07, with a volume of 229,126 shares traded. The stock had previously closed at $34.63.

IBKR has been the subject of several research reports. Buckingham Research initiated coverage on shares of Interactive Brokers Group in a report on Thursday, May 12th. They issued a “neutral” rating and a $38.00 price objective for the company. Zacks Investment Research downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.58.

The firm has a 50 day moving average price of $35.42 and a 200-day moving average price of $36.81. The firm has a market cap of $2.38 billion and a PE ratio of 23.40.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 19th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $369 million for the quarter, compared to the consensus estimate of $373.43 million. On average, analysts anticipate that Interactive Brokers Group Inc. will post $1.67 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Thursday, September 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.13%.

An institutional investor recently raised its position in Interactive Brokers Group stock. Principal Financial Group Inc. boosted its stake in shares of Interactive Brokers Group Inc. (NASDAQ:IBKR) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 395,160 shares of the company’s stock after buying an additional 19,056 shares during the period. Principal Financial Group Inc. owned about 0.62% of Interactive Brokers Group worth $17,229,000 at the end of the most recent reporting period.

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 100 electronic exchanges and trading venues around the world.

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