Analysts Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Price Target at $143.00

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $143.00.

A number of analysts have recently weighed in on IBKR shares. UBS Group upped their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Barclays cut their price objective on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Piper Sandler restated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $191.62 on Friday. Interactive Brokers Group has a fifty-two week low of $72.60 and a fifty-two week high of $193.21. The stock’s 50 day simple moving average is $154.06 and its two-hundred day simple moving average is $133.60. The stock has a market cap of $80.96 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 1.50 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same quarter in the previous year, the business earned $1.55 EPS. On average, analysts predict that Interactive Brokers Group will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s payout ratio is 15.27%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Tortoise Investment Management LLC grew its holdings in shares of Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 111 shares during the period. Fairfield Financial Advisors LTD purchased a new position in shares of Interactive Brokers Group in the second quarter valued at about $32,000. UMB Bank n.a. boosted its stake in Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 224 shares during the period. Smithfield Trust Co boosted its position in shares of Interactive Brokers Group by 80.6% during the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 154 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of Interactive Brokers Group during the 3rd quarter valued at about $49,000. 23.80% of the stock is 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.