Brokerages Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) PT at $143.00

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $143.00.

IBKR has been the topic of a number of recent research reports. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. UBS Group upped their price objective 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 reduced 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 research note on Wednesday, October 16th. Piper Sandler restated an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $128.00 to $135.00 in a research note on Thursday, July 11th.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $153.78 on Monday. The firm has a 50-day moving average of $138.72 and a 200-day moving average of $126.98. Interactive Brokers Group has a 52-week low of $72.60 and a 52-week high of $154.75. The stock has a market cap of $64.75 billion, a PE ratio of 23.48, a PEG ratio of 1.19 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company earned $1.55 EPS. Equities research analysts predict that Interactive Brokers Group will post 6.9 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.65%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

Institutional Investors Weigh In On Interactive Brokers Group

Hedge funds have recently modified their holdings of the company. Atria Investments Inc grew its holdings in shares of Interactive Brokers Group by 1.6% during the third quarter. Atria Investments Inc now owns 31,801 shares of the financial services provider’s stock worth $4,432,000 after purchasing an additional 510 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of Interactive Brokers Group during the third quarter valued at $3,930,000. ABLE Financial Group LLC bought a new position in shares of Interactive Brokers Group during the third quarter valued at $308,000. Financial Strategies Group Inc. lifted its holdings in shares of Interactive Brokers Group by 14.3% during the third quarter. Financial Strategies Group Inc. now owns 2,830 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 355 shares during the period. Finally, AIA Group Ltd increased its holdings in Interactive Brokers Group by 7.0% in the third quarter. AIA Group Ltd now owns 18,300 shares of the financial services provider’s stock valued at $2,550,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.