Interactive Brokers Group, Inc. (NASDAQ:IBKR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Interactive Brokers Group, Inc. (NASDAQ:IBKR) has received an average rating of "Moderate Buy" from analysts, with one hold and seven buy ratings.
• The stock's average one-year target price is $59.38, with recent price targets set between $60 and $73 by various analysts.
• The company recently declared a quarterly dividend of $0.08 per share, contributing to an annualized dividend yield of 0.49%.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $59.38.

IBKR has been the subject of several analyst reports. Barclays increased their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Piper Sandler lifted their target price on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Citigroup lifted their target price 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. Finally, The Goldman Sachs Group lifted their target price 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.

Interactive Brokers Group Trading Down 3.0%

NASDAQ IBKR traded down $1.95 on Wednesday, reaching $63.61. 7,969,507 shares of the company were exchanged, compared to its average volume of 7,363,894. The business's fifty day moving average price is $56.19 and its 200 day moving average price is $50.48. The stock has a market capitalization of $107.53 billion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 2.73 and a beta of 1.25. Interactive Brokers Group has a fifty-two week low of $25.92 and a fifty-two week high of $66.82.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 earnings per share. Equities research analysts forecast that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors 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 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Interactive Brokers Group's dividend payout ratio is presently 16.49%.

Institutional Trading of Interactive Brokers Group

Hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Interactive Brokers Group by 151.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 157 shares in the last quarter. Private Advisor Group LLC raised its holdings in Interactive Brokers Group by 176.2% in the first quarter. Private Advisor Group LLC now owns 4,762 shares of the financial services provider's stock valued at $789,000 after acquiring an additional 3,038 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $242,000. Arrowstreet Capital Limited Partnership acquired a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $12,015,000. Finally, Kennondale Capital Management LLC raised its holdings in Interactive Brokers Group by 172.7% in the first quarter. Kennondale Capital Management LLC now owns 19,419 shares of the financial services provider's stock valued at $3,216,000 after acquiring an additional 12,299 shares in the last quarter. Institutional investors and hedge funds 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.