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

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $213.50.

A number of research firms have issued reports on IBKR. UBS Group increased their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Citigroup cut their target price on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. StockNews.com raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Wednesday. Piper Sandler lowered their price target on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $212.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday.

Institutional Trading of Interactive Brokers Group

Several institutional investors have recently modified their holdings of the stock. Point72 Europe London LLP purchased a new position in shares of Interactive Brokers Group in the 1st quarter valued at $2,749,000. Graham Capital Management L.P. boosted its stake in Interactive Brokers Group by 10.8% in the first quarter. Graham Capital Management L.P. now owns 30,192 shares of the financial services provider's stock valued at $4,999,000 after acquiring an additional 2,952 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new position in shares of Interactive Brokers Group during the first quarter worth about $1,167,000. Quarry LP grew its holdings in shares of Interactive Brokers Group by 486.3% during the first quarter. Quarry LP now owns 299 shares of the financial services provider's stock worth $50,000 after purchasing an additional 248 shares during the last quarter. Finally, Stony Point Capital LLC increased its position in shares of Interactive Brokers Group by 167.0% during the first quarter. Stony Point Capital LLC now owns 177,900 shares of the financial services provider's stock worth $29,458,000 after purchasing an additional 111,274 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $206.99 on Friday. The company has a market cap of $87.47 billion, a P/E ratio of 29.32, a P/E/G ratio of 1.59 and a beta of 1.19. The stock has a 50-day moving average of $171.36 and a two-hundred day moving average of $185.26. Interactive Brokers Group has a 1-year low of $103.69 and a 1-year high of $236.53.

Interactive Brokers Group shares are set to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. On average, analysts anticipate 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. Shareholders of record on Friday, May 30th will be paid a $0.32 dividend. This is a positive change from Interactive Brokers Group's previous dividend of $0.10. The ex-dividend date of this dividend is Friday, May 30th. Interactive Brokers Group's dividend payout ratio is currently 17.32%.

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.

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