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

Key Points

• Interactive Brokers Group, Inc. has received a consensus rating of "Moderate Buy" from ten analysts, with six ratings for buy and one for strong buy.
• The company's recent quarterly earnings exceeded analyst expectations, with an EPS of $0.51 and revenue of $1.48 billion, marking a 14.7% increase from the previous year.
• Insider trading has been notable, with significant share sales by Vice Chairman Earl H. Nemser and CFO Paul Jonathan Brody, indicating potential changes in insider confidence.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $65.4688.

IBKR has been the topic of a number of research reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Interactive Brokers Group in a research note on Saturday, September 27th. Piper Sandler lifted their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. BMO Capital Markets assumed coverage on Interactive Brokers Group in a report on Friday, October 3rd. They issued an "outperform" rating and a $82.00 target price for the company. Citigroup lifted their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Barclays reiterated an "overweight" rating and issued a $81.00 target price (up previously from $73.00) on shares of Interactive Brokers Group in a report on Wednesday.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $69.01 on Monday. Interactive Brokers Group has a 1 year low of $32.82 and a 1 year high of $73.35. The stock's 50 day simple moving average is $64.87 and its two-hundred day simple moving average is $55.64. The company has a market cap of $117.05 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 2.83 and a beta of 1.22.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the company posted $1.76 EPS. The company's revenue was up 14.7% compared to the same quarter last year. As a group, analysts anticipate that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were issued a $0.08 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group's payout ratio is 16.49%.

Insider Buying and Selling

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the transaction, the insider owned 461,500 shares in the company, valued at $31,146,635. The trade was a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul Jonathan Brody sold 116,861 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer owned 158,954 shares of the company's stock, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,205,683 shares of company stock valued at $77,217,965. Company insiders own 2.97% of the company's stock.

Hedge Funds Weigh In On Interactive Brokers Group

A number of large investors have recently bought and sold shares of the business. ABLE Financial Group LLC boosted its holdings in Interactive Brokers Group by 24.7% during the 3rd quarter. ABLE Financial Group LLC now owns 8,083 shares of the financial services provider's stock valued at $556,000 after acquiring an additional 1,603 shares during the period. Trust Point Inc. purchased a new position in Interactive Brokers Group during the 3rd quarter valued at $210,000. Cyndeo Wealth Partners LLC purchased a new position in Interactive Brokers Group during the 3rd quarter valued at $218,000. Curated Wealth Partners LLC bought a new stake in Interactive Brokers Group during the 3rd quarter valued at $221,000. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in Interactive Brokers Group during the 3rd quarter valued at $345,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Company Profile

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.

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