Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $102.87.

Several research firms have issued reports on IBKR. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Interactive Brokers Group in a research report on Wednesday, September 2nd. Piper Sandler set a $109.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $100.00 price target (down from $105.00) on shares of Interactive Brokers Group in a research note on Friday, October 16th. Wells Fargo & Company initiated coverage on Interactive Brokers Group in a report on Friday, October 2nd. They issued an “overweight” rating and a $102.00 price target for the company. Finally, China Renaissance initiated coverage on Interactive Brokers Group in a research note on Tuesday, July 7th. They issued a “hold” rating and a $99.90 price objective on the stock.

Interactive Brokers Group Stock Down 2.1%

IBKR stock opened at $81.77 on Friday. Interactive Brokers Group has a twelve month low of $58.95 and a twelve month high of $98.75. The firm has a market cap of $139.12 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 1.37 and a beta of 1.37. The business’s fifty day simple moving average is $88.66 and its two-hundred day simple moving average is $82.85.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The business’s revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. Research analysts expect that Interactive Brokers Group will post 2.69 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.15 per share. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.0875. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. Interactive Brokers Group’s dividend payout ratio is presently 13.46%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence Harris sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $82.61, for a total value of $2,065,250.00. Following the completion of the sale, the director directly owned 148,482 shares in the company, valued at approximately $12,266,098.02. This represents a 14.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors have recently made changes to their positions in the company. BOCHK Asset Management Ltd bought a new position in Interactive Brokers Group during the 3rd quarter worth about $26,000. Wealth Enhancement Trust Services Inc. boosted its stake in shares of Interactive Brokers Group by 1,217.2% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 382 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 353 shares in the last quarter. SHP Wealth Management bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $31,000. CoreCap Advisors LLC increased its holdings in Interactive Brokers Group by 62.2% during the third quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock valued at $45,000 after buying an additional 201 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in Interactive Brokers Group by 584.6% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 534 shares of the financial services provider’s stock valued at $36,000 after buying an additional 456 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.