Interactive Brokers Group (NASDAQ:IBKR) Reaches New 1-Year High – Time to Buy?

Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $96.75 and last traded at $95.09, with a volume of 5278742 shares. The stock had previously closed at $93.10.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IBKR. Barclays lifted their price target on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group dropped their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price for the company. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Wolfe Research started coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.22.

Interactive Brokers Group Trading Up 2.1%

The company’s 50-day moving average price is $82.75 and its two-hundred day moving average price is $74.17. The company has a market cap of $161.31 billion, a P/E ratio of 40.99, a P/E/G ratio of 2.57 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the business posted $1.94 EPS. The company’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were issued a $0.0875 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.09%.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director directly owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. HM Payson & Co. boosted its holdings in shares of Interactive Brokers Group by 5.8% in the 4th quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock valued at $155,000 after buying an additional 133 shares during the period. Ashton Thomas Private Wealth LLC boosted its stake in Interactive Brokers Group by 1.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 143 shares during the period. Gamco Investors INC. ET AL boosted its stake in Interactive Brokers Group by 0.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock valued at $1,172,000 after purchasing an additional 150 shares during the period. Caitlin John LLC boosted its stake in Interactive Brokers Group by 0.6% during the 3rd quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock valued at $1,734,000 after purchasing an additional 153 shares during the period. Finally, S&CO Inc. boosted its stake in Interactive Brokers Group by 0.3% during the 4th quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock valued at $4,056,000 after purchasing an additional 160 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

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.