Analysts Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Target Price at $213.50

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $213.50.

A number of research firms have commented on IBKR. Wall Street Zen downgraded shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a research report on Friday. Citigroup downgraded Interactive Brokers Group from a "buy" rating to a "neutral" rating and raised their price target for the stock from $205.00 to $215.00 in a research note on Monday. Barclays upped their price objective on Interactive Brokers Group from $188.00 to $193.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. The Goldman Sachs Group increased their target price on Interactive Brokers Group from $212.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Piper Sandler cut their price target on Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock traded up $0.38 during trading on Tuesday, hitting $205.05. 1,209,124 shares of the company's stock traded hands, compared to its average volume of 1,408,238. Interactive Brokers Group has a 1 year low of $103.69 and a 1 year high of $236.53. The business has a 50-day simple moving average of $183.63 and a 200-day simple moving average of $189.76. The stock has a market capitalization of $86.66 billion, a P/E ratio of 29.04, a PEG ratio of 1.59 and a beta of 1.25.

Shares of Interactive Brokers Group are scheduled to split on the morning of Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly minted shares will be payable to shareholders after the market closes on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $1.88 EPS for the quarter, missing analysts' consensus estimates of $1.92 by ($0.04). Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. On average, equities analysts predict that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.32 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.28 annualized dividend and a dividend yield of 0.62%. This is an increase from Interactive Brokers Group's previous quarterly dividend of $0.10. Interactive Brokers Group's dividend payout ratio (DPR) is 17.32%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IBKR. Vanguard Group Inc. lifted its holdings in shares of Interactive Brokers Group by 2.8% in the first quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider's stock worth $1,714,108,000 after buying an additional 280,004 shares in the last quarter. Cantillon Capital Management LLC increased its holdings in Interactive Brokers Group by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider's stock valued at $599,917,000 after acquiring an additional 18,047 shares during the last quarter. Bank of America Corp DE lifted its stake in Interactive Brokers Group by 91.4% in the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock worth $413,226,000 after purchasing an additional 1,117,186 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Interactive Brokers Group by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider's stock valued at $399,205,000 after purchasing an additional 193,497 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Interactive Brokers Group by 8,249.3% during the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock valued at $263,950,000 after purchasing an additional 1,476,135 shares during the last quarter. Institutional investors own 23.80% of the company's stock.

About Interactive Brokers Group

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.