Analysts Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Target Price at $72.19

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $72.1944.

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 22nd. BMO Capital Markets lifted their price target on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. CICC Research began coverage on Interactive Brokers Group in a research note on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective on the stock. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Finally, Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st.

Interactive Brokers Group Trading Down 1.2%

Interactive Brokers Group stock opened at $65.35 on Friday. Interactive Brokers Group has a 52 week low of $32.82 and a 52 week high of $73.35. The stock has a market cap of $110.84 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 2.02 and a beta of 1.26. The stock has a 50 day moving average of $66.22 and a 200-day moving average of $63.81.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The business’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 earnings per share. As a group, equities analysts predict that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Monday, December 1st were paid a dividend of $0.08 per share. The ex-dividend date was Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s payout ratio is presently 15.38%.

Insiders Place Their Bets

In other news, Director Lawrence E. Harris sold 10,645 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total value of $734,505.00. Following the transaction, the director directly owned 198,704 shares in the company, valued at approximately $13,710,576. This trade represents a 5.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jill Bright purchased 400 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The stock was acquired at an average cost of $65.95 per share, with a total value of $26,380.00. Following the completion of the acquisition, the director directly owned 10,304 shares in the company, valued at approximately $679,548.80. This trade represents a 4.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 55,000 shares of company stock worth $3,767,363 over the last three months. 2.97% of the stock is owned by corporate insiders.

Institutional Trading of Interactive Brokers Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sherman Porfolios LLC bought a new stake in shares of Interactive Brokers Group in the 3rd quarter worth approximately $202,000. AIA Group Ltd increased its position in Interactive Brokers Group by 53.9% in the third quarter. AIA Group Ltd now owns 68,500 shares of the financial services provider’s stock worth $4,713,000 after buying an additional 24,000 shares during the period. Allworth Financial LP lifted its stake in Interactive Brokers Group by 2.5% in the third quarter. Allworth Financial LP now owns 7,363 shares of the financial services provider’s stock valued at $507,000 after buying an additional 183 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of Interactive Brokers Group by 7.2% during the third quarter. Swiss Life Asset Management Ltd now owns 41,288 shares of the financial services provider’s stock valued at $2,841,000 after acquiring an additional 2,780 shares during the period. Finally, Groupama Asset Managment acquired a new position in shares of Interactive Brokers Group during the third quarter valued at $1,237,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Company Profile

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.