Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $73.00 at Barclays

Interactive Brokers Group (NASDAQ:IBKR - Free Report) had its price target upped by Barclays from $65.00 to $73.00 in a research report report published on Friday,Benzinga reports. Barclays currently has an overweight rating on the financial services provider's stock.

A number of other equities research analysts have also issued reports on the stock. Citigroup increased their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Bank of America cut their price objective on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a report on Wednesday, April 16th. Piper Sandler increased their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $59.38.

Interactive Brokers Group Trading Up 7.8%

NASDAQ IBKR traded up $4.62 on Friday, reaching $64.05. 15,002,107 shares of the stock were exchanged, compared to its average volume of 5,845,784. Interactive Brokers Group has a one year low of $25.92 and a one year high of $65.74. The firm has a market capitalization of $108.28 billion, a PE ratio of 32.93, a PEG ratio of 2.70 and a beta of 1.25. The company's 50-day simple moving average is $53.84 and its two-hundred day simple moving average is $49.36.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 5.06%. The company had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter last year, the business earned $1.76 EPS. The firm's revenue was up 14.7% compared to the same quarter last year. Sell-side analysts forecast that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.50%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group's payout ratio is 17.30%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IBKR. N.E.W. Advisory Services LLC purchased a new position in Interactive Brokers Group during the first quarter worth $26,000. ORG Partners LLC lifted its position in shares of Interactive Brokers Group by 312.9% during the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider's stock worth $27,000 after purchasing an additional 363 shares during the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Interactive Brokers Group by 300.0% during the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider's stock worth $31,000 after purchasing an additional 423 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of Interactive Brokers Group by 39.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock worth $33,000 after purchasing an additional 53 shares during the last quarter. Finally, City Holding Co. bought a new stake in shares of Interactive Brokers Group during the first quarter worth $33,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Company Profile

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.