Barclays Issues Positive Forecast for Interactive Brokers Group (NASDAQ:IBKR) Stock Price

Interactive Brokers Group (NASDAQ:IBKR) had its price target hoisted by Barclays from $93.00 to $108.00 in a research report sent to investors on Thursday, Marketbeat Ratings reports. The firm currently has an overweight rating on the financial services provider’s stock.

A number of other equities research analysts also recently commented on the company. Jefferies Financial Group lowered their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. BMO Capital Markets increased their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target on the stock. Wolfe Research started coverage on Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price target for the company. Finally, The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.25.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $95.28 on Thursday. The firm has a market cap of $161.63 billion, a PE ratio of 41.07, a P/E/G ratio of 2.58 and a beta of 1.33. The firm has a 50 day simple moving average of $88.08 and a 200-day simple moving average of $77.39. Interactive Brokers Group has a 1-year low of $57.62 and a 1-year high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. Interactive Brokers Group’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.94 earnings per share. As a group, sell-side analysts expect that Interactive Brokers Group will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were given a $0.0875 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is 15.09%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Financial Management Professionals Inc. increased its position in Interactive Brokers Group by 3,043.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 723 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 700 shares in the last quarter. Sapient Capital LLC purchased a new position in Interactive Brokers Group in the second quarter valued at approximately $214,000. Everhart Financial Group Inc. lifted its position in Interactive Brokers Group by 55.9% during the second quarter. Everhart Financial Group Inc. now owns 4,976 shares of the financial services provider’s stock valued at $433,000 after buying an additional 1,785 shares in the last quarter. Cooper Financial Group acquired a new position in Interactive Brokers Group during the second quarter valued at approximately $212,000. Finally, Czech National Bank grew its stake in Interactive Brokers Group by 4.5% during the second quarter. Czech National Bank now owns 126,802 shares of the financial services provider’s stock worth $11,037,000 after buying an additional 5,509 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Company Profile

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.