Interactive Brokers Group (IBKR) PT Raised to $60.00
Interactive Brokers Group (NASDAQ:IBKR) had its target price increased by SunTrust Banks from $48.00 to $60.00 in a report issued on Wednesday morning, MarketBeat reports. SunTrust Banks currently has a hold rating on the financial services provider’s stock. SunTrust Banks also issued estimates for Interactive Brokers Group’s Q1 2018 earnings at $0.47 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $2.00 EPS and FY2019 earnings at $2.45 EPS. The analysts noted that the move was a valuation call.
A number of other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Interactive Brokers Group from a hold rating to a strong-buy rating and set a $68.00 price target for the company in a research note on Monday, January 8th. Goldman Sachs Group cut shares of Interactive Brokers Group from a neutral rating to a sell rating and set a $59.00 price target for the company. in a research note on Monday, January 8th. Finally, BidaskClub cut shares of Interactive Brokers Group from a buy rating to a hold rating in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. Interactive Brokers Group presently has an average rating of Hold and an average target price of $50.33.
Shares of Interactive Brokers Group (NASDAQ IBKR) traded up $0.70 during mid-day trading on Wednesday, reaching $62.48. 1,074,199 shares of the company’s stock were exchanged, compared to its average volume of 1,197,954. The firm has a market capitalization of $25,723.39, a PE ratio of 58.39, a P/E/G ratio of 3.01 and a beta of 1.02. Interactive Brokers Group has a 12-month low of $33.01 and a 12-month high of $64.03.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 37.38%.
In other news, CFO Paul Jonathan Brody sold 10,756 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $50.65, for a total transaction of $544,791.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Aj Frank sold 54,903 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $54.21, for a total transaction of $2,976,291.63. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 297,611 shares of company stock valued at $15,773,905. 3.41% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Interactive Brokers Group by 27.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock worth $111,000 after buying an additional 647 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of Interactive Brokers Group by 71.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock worth $116,000 after buying an additional 1,295 shares during the last quarter. Creative Planning acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $206,000. World Asset Management Inc acquired a new stake in shares of Interactive Brokers Group during the 3rd quarter worth about $214,000. Finally, Everence Capital Management Inc. bought a new position in Interactive Brokers Group during the third quarter worth about $224,000. Institutional investors own 15.79% of the company’s stock.
About Interactive Brokers Group
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 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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