Interactive Brokers Group, Inc. (NASDAQ:IBKR) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analyst consensus is “Moderate Buy”: Seven of 14 analysts rate Interactive Brokers Group a buy, two rate it a strong buy, and five recommend holding. The average 12-month price target is $98.90, with recent targets ranging from $102 to $113.
• Institutional ownership increased: Several major investors, including California State Teachers’ Retirement System, Orbis Allan Gray, Bank of America and State Street, expanded their positions. Institutional investors and hedge funds collectively own 23.8% of IBKR.
• Quarterly results exceeded expectations: IBKR reported earnings of $0.69 per share versus the $0.64 consensus estimate, while revenue rose 28.1% year over year to $1.88 billion. The company also declared a quarterly dividend of $0.0875 per share, equivalent to a 0.4% annual yield.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) have received a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $98.90.

Several equities analysts have recently commented on IBKR shares. The Goldman Sachs Group set a $113.00 target price on Interactive Brokers Group and gave the company a "buy" rating in a research note on Tuesday. Piper Sandler set a $109.00 price target on shares of Interactive Brokers Group in a report on Wednesday, July 22nd. Raymond James Financial began coverage on shares of Interactive Brokers Group in a report on Wednesday, August 26th. They issued a "market perform" rating on the stock. UBS Group lowered shares of Interactive Brokers Group from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $50.00 to $102.00 in a report on Tuesday. Finally, Weiss Ratings raised shares of Interactive Brokers Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, July 15th.

Institutional Trading of Interactive Brokers Group

Several institutional investors and hedge funds have recently bought and sold shares of IBKR. California State Teachers Retirement System raised its position in shares of Interactive Brokers Group by 8,229.0% during the 2nd quarter. California State Teachers Retirement System now owns 53,724,396 shares of the financial services provider's stock valued at $4,676,171,000 after acquiring an additional 53,079,364 shares in the last quarter. Norges Bank acquired a new position in Interactive Brokers Group in the fourth quarter worth $453,146,000. Orbis Allan Gray Ltd increased its stake in Interactive Brokers Group by 178.8% during the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider's stock valued at $539,697,000 after purchasing an additional 6,246,715 shares during the last quarter. Bank of America Corp DE increased its stake in Interactive Brokers Group by 225.4% during the second 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 purchasing an additional 5,260,923 shares during the last quarter. Finally, State Street Corp increased its stake in Interactive Brokers Group by 23.2% during the third quarter. State Street Corp now owns 18,648,758 shares of the financial services provider's stock valued at $1,283,221,000 after purchasing an additional 3,517,729 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $89.12 on Thursday. Interactive Brokers Group has a 1 year low of $58.95 and a 1 year high of $98.75. The firm has a market cap of $151.63 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 1.67 and a beta of 1.35. The stock's 50-day simple moving average is $91.96 and its 200-day simple moving average is $82.94.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business posted $0.51 earnings per share. Interactive Brokers Group's revenue for the quarter was up 28.1% on a year-over-year basis. As a group, research analysts predict that Interactive Brokers Group will post 2.68 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group's dividend payout ratio (DPR) is 14.00%.

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.

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