Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has received a consensus rating of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $92.00.

A number of equities analysts have recently issued reports on IBKR shares. Weiss Ratings downgraded Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. China Renaissance began coverage on Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating on the stock. Barclays increased their target price on shares of Interactive Brokers Group from $93.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Bank of America raised their price target on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Jefferies Financial Group dropped their price target on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 6th.

Interactive Brokers Group Stock Performance

IBKR stock opened at $95.61 on Wednesday. Interactive Brokers Group has a 52-week low of $58.18 and a 52-week high of $97.84. The company has a market capitalization of $162.19 billion, a P/E ratio of 41.21, a PEG ratio of 2.53 and a beta of 1.33. The company has a fifty day moving average price of $88.93 and a 200-day moving average price of $77.99.

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 the consensus estimate of $0.57 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.Interactive Brokers Group’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the company earned $1.94 EPS. As a group, sell-side analysts forecast that Interactive Brokers Group will post 2.51 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 paid a dividend of $0.0875 per share. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 1st. Interactive Brokers Group’s payout ratio is 15.09%.

Insider Transactions at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director owned 173,482 shares in the company, valued at $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is currently owned by insiders.

Institutional Trading of Interactive Brokers Group

Large investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $453,146,000. Orbis Allan Gray Ltd grew its position in shares of Interactive Brokers Group by 178.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after buying an additional 6,246,715 shares during the period. Bank of America Corp DE increased its stake in shares of Interactive Brokers Group by 225.4% in the 2nd quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock valued at $420,834,000 after acquiring an additional 5,260,923 shares in the last quarter. State Street Corp increased its stake in shares of Interactive Brokers Group by 23.2% in the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock valued at $1,283,221,000 after acquiring an additional 3,517,729 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Interactive Brokers Group by 44.1% during the 4th quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock valued at $533,026,000 after acquiring an additional 2,534,772 shares during the period. 23.80% of the stock is currently 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.