Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Has Average Target Price of $98.90 According to Brokerages

Key Points

• Analysts rate Interactive Brokers Group “Moderate Buy,” with seven buy ratings, six holds and one strong-buy rating. The average 12-month price target is $98.90, compared with the stock’s reported price of $89.24.
• IBKR reported quarterly EPS of $0.69, beating the $0.64 consensus estimate, while revenue of $1.88 billion exceeded expectations and increased 28.1% year over year.
• Institutional investors own 23.8% of the company, with several large investors recently increasing their positions. IBKR also pays a quarterly dividend of $0.0875, equivalent to a 0.4% annualized yield.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $98.90.

IBKR has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Interactive Brokers Group in a research note on Wednesday, September 2nd. China Renaissance started coverage on Interactive Brokers Group in a research report on Tuesday, July 7th. They set a "hold" rating for the company. Bank of America lifted their price target on Interactive Brokers Group from $83.00 to $106.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Zacks Research cut Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Finally, Barclays set a $114.00 price objective on Interactive Brokers Group and gave the company an "overweight" rating in a research note on Wednesday, July 22nd.

Institutional Trading of Interactive Brokers Group

Large investors have recently added to or reduced their stakes in the stock. Vise Technologies Inc. raised its position in shares of Interactive Brokers Group by 151.8% in the fourth quarter. Vise Technologies Inc. now owns 24,209 shares of the financial services provider's stock valued at $1,557,000 after purchasing an additional 14,593 shares during the period. Cetera Investment Advisers lifted its stake in shares of Interactive Brokers Group by 30.1% during the 1st quarter. Cetera Investment Advisers now owns 209,311 shares of the financial services provider's stock valued at $14,038,000 after buying an additional 48,443 shares in the last quarter. MUFG Securities EMEA plc boosted its holdings in Interactive Brokers Group by 1,223.3% in the 4th quarter. MUFG Securities EMEA plc now owns 112,774 shares of the financial services provider's stock worth $7,252,000 after buying an additional 104,252 shares during the period. Aware Super Pty Ltd as trustee of Aware Super bought a new position in Interactive Brokers Group in the 1st quarter worth approximately $10,188,000. Finally, DUTCH ASSET Corp grew its stake in Interactive Brokers Group by 22.3% in the 1st quarter. DUTCH ASSET Corp now owns 65,098 shares of the financial services provider's stock valued at $4,366,000 after buying an additional 11,852 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

IBKR opened at $89.24 on Monday. The company's 50-day moving average is $91.27 and its 200 day moving average is $85.19. Interactive Brokers Group has a fifty-two week low of $58.95 and a fifty-two week high of $98.75. The firm has a market capitalization of $151.83 billion, a P/E ratio of 35.70, a PEG ratio of 1.65 and a beta of 1.35.

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

Interactive Brokers Group Announces Dividend

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

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and related financial services to individual investors, financial professionals, hedge funds, proprietary trading groups and other institutional clients. Through its online platforms, the company offers access to stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and other investment products.

The company operates a technology-focused brokerage platform designed to provide access to multiple markets and asset classes from a single account.

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