Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Wall Street rates Interactive Brokers a “Moderate Buy”: Of 18 analysts, 11 recommend buying, six rate it a hold and one recommends a strong buy. The average 12-month price target is $102.87, above the reported $82.28 share price.
• Quarterly results met expectations: Interactive Brokers reported $0.67 in EPS and $1.87 billion in revenue, with revenue up 15.6% year over year.
• The company increased its dividend: The quarterly payout rose to $0.15 per share, or $0.60 annualized, representing a 0.7% yield and a 13.46% payout ratio.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $102.87.

Several equities analysts have commented on IBKR shares. Jefferies Financial Group raised their target price on shares of Interactive Brokers Group from $102.00 to $108.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Piper Sandler set a $109.00 price target on shares of Interactive Brokers Group and gave the stock an "overweight" rating in a research note on Wednesday, July 22nd. Capital One Financial set a $105.00 price objective on shares of Interactive Brokers Group in a report on Tuesday, October 6th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Interactive Brokers Group in a research note on Wednesday, September 2nd. Finally, China Renaissance began coverage on shares of Interactive Brokers Group in a research note on Tuesday, July 7th. They set a "hold" rating and a $99.90 price objective on the stock.

Hedge Funds Weigh In On Interactive Brokers Group

Several hedge funds have recently modified their holdings of IBKR. Nykredit A S purchased a new stake in shares of Interactive Brokers Group during the second quarter valued at $15,348,000. Engineers Gate Manager LP increased its stake in Interactive Brokers Group by 831.3% in the 2nd quarter. Engineers Gate Manager LP now owns 108,359 shares of the financial services provider's stock worth $9,432,000 after purchasing an additional 96,724 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in Interactive Brokers Group by 79.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 516,646 shares of the financial services provider's stock worth $48,185,000 after buying an additional 228,716 shares during the period. AXQ Capital LP raised its holdings in Interactive Brokers Group by 69.6% during the 2nd quarter. AXQ Capital LP now owns 45,065 shares of the financial services provider's stock worth $3,922,000 after buying an additional 18,499 shares during the period. Finally, Cetera Investment Advisers raised its holdings in 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 worth $14,038,000 after buying an additional 48,443 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $82.28 on Friday. Interactive Brokers Group has a 1 year low of $58.95 and a 1 year high of $98.75. The stock has a market cap of $139.99 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 1.39 and a beta of 1.37. The business has a fifty day moving average of $89.69 and a 200-day moving average of $87.72.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.67 EPS for the quarter, meeting analysts' consensus estimates of $0.67. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. Interactive Brokers Group had a return on equity of 5.38% and a net margin of 10.03%. The company's quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. On average, equities research analysts predict that Interactive Brokers Group will post 2.69 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 1st. This is an increase from Interactive Brokers Group's previous quarterly dividend of $0.0875. Interactive Brokers Group's dividend payout ratio is 13.46%.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.

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