UBS Group Boosts Interactive Brokers Group (NASDAQ:IBKR) Price Target to $145.00

Interactive Brokers Group (NASDAQ:IBKR) had its target price boosted by UBS Group from $135.00 to $145.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research analysts also recently commented on IBKR. Jefferies Financial Group boosted their price target on Interactive Brokers Group from $138.00 to $150.00 and gave the company a buy rating in a research note on Monday. Bank of America boosted their target price on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a buy rating in a research note on Wednesday, April 17th. Citigroup boosted their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a buy rating in a research note on Thursday, April 11th. Barclays boosted their target price on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an overweight rating in a research note on Wednesday, April 17th. Finally, Piper Sandler boosted their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an overweight rating in a research note on Friday, April 12th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $132.11.

Interactive Brokers Group Price Performance

IBKR stock opened at $121.05 on Tuesday. The company has a fifty day moving average price of $123.41 and a two-hundred day moving average price of $109.50. Interactive Brokers Group has a one year low of $72.60 and a one year high of $129.19. The stock has a market cap of $50.97 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.20 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.01. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. Research analysts anticipate that Interactive Brokers Group will post 6.73 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.25 dividend. The ex-dividend date was Friday, May 31st. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a yield of 0.83%. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Institutional Trading of Interactive Brokers Group

Several institutional investors have recently added to or reduced their stakes in IBKR. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $25,000. Rise Advisors LLC bought a new position in shares of Interactive Brokers Group during the 1st quarter worth approximately $30,000. Rakuten Securities Inc. bought a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $34,000. Principal Securities Inc. bought a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $40,000. Finally, Kapitalo Investimentos Ltda lifted its holdings in shares of Interactive Brokers Group by 278.0% in the 4th quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 353 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Company Profile

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.