Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $76.39 Average Price Target from Analysts

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been assigned an average rating of “Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $76.3929.

Several brokerages have recently issued reports on IBKR. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. BMO Capital Markets upped their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Barclays set a $83.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. CICC Research started coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price objective on the stock. Finally, Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th.

Insiders Place Their Bets

In other Interactive Brokers Group 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 stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 400,000 shares of company stock valued at $30,725,122 over the last three months. 2.97% of the stock is owned by insiders.

Hedge Funds Weigh In On Interactive Brokers Group

A number of hedge funds have recently modified their holdings of the business. Mcguire Capital Advisors Inc. purchased a new stake in Interactive Brokers Group in the 4th quarter valued at $78,000. Invesco Ltd. grew its position in Interactive Brokers Group by 44.1% during the 4th quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock worth $533,026,000 after purchasing an additional 2,534,772 shares during the last quarter. Corient Private Wealth LLC increased its stake in Interactive Brokers Group by 187.8% in the fourth quarter. Corient Private Wealth LLC now owns 214,430 shares of the financial services provider’s stock valued at $13,790,000 after purchasing an additional 139,922 shares during the period. Alberta Investment Management Corp purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $4,225,000. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Interactive Brokers Group by 26.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 41,952 shares of the financial services provider’s stock valued at $2,699,000 after buying an additional 8,705 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Down 1.2%

NASDAQ:IBKR opened at $73.99 on Friday. Interactive Brokers Group has a 52 week low of $32.82 and a 52 week high of $79.18. The company has a fifty day simple moving average of $70.96 and a two-hundred day simple moving average of $67.63. The company has a market cap of $125.50 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 2.10 and a beta of 1.24.

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

Interactive Brokers Group Announces Dividend

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

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.