Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives $213.50 Average PT from Brokerages

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $213.50.

Several equities research analysts have recently commented on IBKR shares. UBS Group boosted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. Barclays boosted their price objective on Interactive Brokers Group from $188.00 to $193.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $212.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, May 15th. StockNews.com upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Piper Sandler decreased their price objective on Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th.

Institutional Investors Weigh In On Interactive Brokers Group

Several institutional investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group in the fourth quarter worth $25,000. N.E.W. Advisory Services LLC purchased a new position in Interactive Brokers Group in the first quarter worth $26,000. SRH Advisors LLC purchased a new position in Interactive Brokers Group in the fourth quarter worth $28,000. Blue Trust Inc. boosted its position in Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after purchasing an additional 88 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its position in Interactive Brokers Group by 39.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock worth $33,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Trading Down 2.4%

IBKR stock traded down $5.07 during mid-day trading on Friday, reaching $205.27. The company's stock had a trading volume of 1,195,965 shares, compared to its average volume of 1,388,399. The company has a market cap of $86.74 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 1.59 and a beta of 1.19. The business's 50 day moving average price is $174.60 and its 200 day moving average price is $186.77. Interactive Brokers Group has a 12 month low of $103.69 and a 12 month high of $236.53.

Shares of Interactive Brokers Group are going to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, June 17th.

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

Interactive Brokers Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, May 30th. This is an increase from Interactive Brokers Group's previous dividend of $0.10. Interactive Brokers Group's dividend payout ratio is 17.32%.

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.