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

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $204.13.

IBKR has been the topic of several research reports. Keefe, Bruyette & Woods upped their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. UBS Group increased their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Barclays upped their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group raised 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

Shares of IBKR stock opened at $231.14 on Wednesday. The firm has a market capitalization of $97.66 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.62 and a beta of 0.89. The stock’s 50-day simple moving average is $192.09 and its 200-day simple moving average is $160.21. Interactive Brokers Group has a fifty-two week low of $94.45 and a fifty-two week high of $235.29.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. Interactive Brokers Group’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. As a group, equities analysts forecast that Interactive Brokers Group will post 7.39 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.21% of the company’s stock.

Institutional Trading of Interactive Brokers Group

Several institutional investors have recently bought and sold shares of IBKR. S&CO Inc. lifted its position in shares of Interactive Brokers Group by 3.3% during the 4th quarter. S&CO Inc. now owns 15,875 shares of the financial services provider’s stock valued at $2,804,000 after buying an additional 500 shares in the last quarter. Tortoise Investment Management LLC raised its position in Interactive Brokers Group by 75.9% during the fourth quarter. Tortoise Investment Management LLC now owns 510 shares of the financial services provider’s stock worth $90,000 after acquiring an additional 220 shares during the period. Independent Advisor Alliance purchased a new position in Interactive Brokers Group during the fourth quarter valued at $261,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Interactive Brokers Group by 24.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,989 shares of the financial services provider’s stock valued at $5,121,000 after purchasing an additional 5,739 shares during the period. Finally, Sowell Financial Services LLC purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth about $2,216,000. 23.80% of the stock is 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.