Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $98.90.

A number of brokerages have recently weighed in on IBKR. Wolfe Research began coverage on Interactive Brokers Group in a research note on Monday, June 8th. They set an “outperform” rating and a $101.00 price target on the stock. UBS Group lowered shares of Interactive Brokers Group from a “buy” rating to a “neutral” rating and increased their price objective for the company from $50.00 to $102.00 in a research report on Tuesday, September 1st. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating on shares of Interactive Brokers Group in a research note on Wednesday, September 2nd.

Hedge Funds Weigh In On Interactive Brokers Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBKR. Reflection Asset Management acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at about $26,000. IMA Advisory Services Inc. raised its stake in shares of Interactive Brokers Group by 64.3% in the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 178 shares during the last quarter. Tobam acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth about $30,000. Entrust Financial LLC purchased a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $31,000. Finally, SHP Wealth Management purchased a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $92.62 on Thursday. The stock has a market capitalization of $157.58 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 1.71 and a beta of 1.35. Interactive Brokers Group has a 1-year low of $58.95 and a 1-year high of $98.75. The business has a fifty day moving average price of $92.12 and a 200-day moving average price of $83.33.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business earned $0.51 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, equities research analysts anticipate that Interactive Brokers Group will post 2.68 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.0875 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is 14.00%.

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.