Brokerages Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Price Target at $204.13

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $204.13.

Several research firms recently commented on IBKR. UBS Group boosted their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods boosted their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Piper Sandler reissued an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Barclays boosted their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd.

Interactive Brokers Group Stock Performance

IBKR opened at $192.17 on Friday. The company has a fifty day moving average price of $205.88 and a two-hundred day moving average price of $173.57. Interactive Brokers Group has a 52 week low of $103.69 and a 52 week high of $236.53. The firm has a market capitalization of $81.20 billion, a PE ratio of 27.22, a P/E/G ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the business earned $1.52 EPS. The firm’s revenue was up 21.8% on a year-over-year basis. Equities analysts forecast that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Cim LLC acquired a new position in Interactive Brokers Group during the fourth quarter valued at approximately $1,520,000. Park Square Financial Group LLC acquired a new position in Interactive Brokers Group during the fourth quarter valued at approximately $200,000. Virtue Capital Management LLC raised its position in Interactive Brokers Group by 6.4% during the fourth quarter. Virtue Capital Management LLC now owns 6,862 shares of the financial services provider’s stock valued at $1,212,000 after purchasing an additional 412 shares in the last quarter. Integrated Advisors Network LLC grew its stake in shares of Interactive Brokers Group by 5.8% during the fourth quarter. Integrated Advisors Network LLC now owns 3,770 shares of the financial services provider’s stock worth $666,000 after buying an additional 206 shares during the last quarter. Finally, Putney Financial Group LLC bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $390,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.