Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have earned a consensus rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $39.00.

A number of brokerages have recently commented on IBKR. BidaskClub raised shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Zacks Investment Research lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Rosenblatt Securities began coverage on shares of Interactive Brokers Group in a report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 price target on the stock. SunTrust Banks, Inc. reissued a “hold” rating and issued a $38.00 price target on shares of Interactive Brokers Group in a report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price target on shares of Interactive Brokers Group in a report on Friday, June 30th.

Shares of Interactive Brokers Group (NASDAQ:IBKR) opened at 41.88 on Friday. Interactive Brokers Group has a 12 month low of $31.97 and a 12 month high of $42.74. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 40.90 and a beta of 0.94. The firm has a 50-day moving average of $41.26 and a 200-day moving average of $37.40.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). The firm had revenue of $387.00 million for the quarter, compared to the consensus estimate of $377.65 million. Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. On average, analysts anticipate that Interactive Brokers Group will post $1.51 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, August 30th. Interactive Brokers Group’s payout ratio is 38.84%.

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In other news, Vice Chairman Earl H. Nemser sold 1,666 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $41.94, for a total value of $69,872.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Aj Frank sold 16,580 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $40.42, for a total transaction of $670,163.60. The disclosure for this sale can be found here. Insiders sold a total of 470,090 shares of company stock worth $19,432,114 in the last three months. Insiders own 3.41% of the company’s stock.

Several institutional investors have recently made changes to their positions in IBKR. The Manufacturers Life Insurance Company boosted its stake in shares of Interactive Brokers Group by 27.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 647 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Interactive Brokers Group by 71.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 1,295 shares in the last quarter. Elkfork Partners LLC boosted its stake in shares of Interactive Brokers Group by 42.1% in the 1st quarter. Elkfork Partners LLC now owns 3,564 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 1,056 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Interactive Brokers Group by 42.1% in the 1st quarter. Meadow Creek Investment Management LLC now owns 4,536 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 1,344 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Interactive Brokers Group in the 1st quarter valued at $224,000. 15.01% of the stock is owned by institutional investors.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

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