Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives Consensus Rating of “Buy” from Brokerages

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been assigned a consensus rating of “Buy” from the nine brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $76.3929.

Several brokerages recently commented on IBKR. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. BMO Capital Markets upped their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Finally, CICC Research began coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price target on the stock.

Insider Buying and Selling

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 400,000 shares of company stock valued at $30,725,122 over the last ninety days. Company insiders own 2.97% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

A number of hedge funds have recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in Interactive Brokers Group during the third quarter worth $27,000. Huntington National Bank grew its stake in Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 176 shares during the period. IMA Advisory Services Inc. increased its position in shares of Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 178 shares during the last quarter. Entrust Financial LLC bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth $31,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of Interactive Brokers Group in the 2nd quarter worth about $32,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Trading Up 2.3%

IBKR opened at $74.75 on Friday. The company has a market cap of $126.79 billion, a P/E ratio of 33.75, a PEG ratio of 2.09 and a beta of 1.24. The company’s 50 day moving average is $70.31 and its 200-day moving average is $67.40. Interactive Brokers Group has a 1-year low of $32.82 and a 1-year high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the company posted $0.51 EPS. Interactive Brokers Group’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, equities analysts forecast that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.08 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.