Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is moderately bullish: Twelve brokerages rate Interactive Brokers Group a “Moderate Buy,” with seven buy ratings, two strong-buy ratings and three holds. The average 12-month price target is $96.89.
• Recent operating results exceeded expectations: Quarterly earnings were $0.69 per share versus the $0.64 consensus estimate, while revenue reached $1.88 billion, up 28.1% year over year and above forecasts.
• Institutional ownership and shareholder returns remain notable: Institutional investors own 23.8% of the stock, while the company declared a quarterly dividend of $0.0875 per share, equivalent to a 0.4% annual yield.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $96.8889.

A number of analysts have recently weighed in on IBKR shares. China Renaissance started coverage on Interactive Brokers Group in a research report on Tuesday, July 7th. They set a "hold" rating for the company. Barclays set a $114.00 price target on Interactive Brokers Group and gave the company an "overweight" rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research report on Friday, May 1st. Piper Sandler set a $109.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. Finally, Wolfe Research began coverage on shares of Interactive Brokers Group in a report on Monday, June 8th. They issued an "outperform" rating and a $101.00 target price on the stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Interactive Brokers Group by 24.7% during the first quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider's stock worth $2,269,000 after purchasing an additional 2,713 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Interactive Brokers Group by 307.9% in the 2nd quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider's stock valued at $803,000 after purchasing an additional 10,943 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Interactive Brokers Group during the 2nd quarter worth $318,000. Daiwa Securities Group Inc. lifted its position in shares of Interactive Brokers Group by 291.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider's stock worth $1,973,000 after buying an additional 26,500 shares during the last quarter. Finally, AXA S.A. boosted its stake in Interactive Brokers Group by 128.1% in the second quarter. AXA S.A. now owns 12,816 shares of the financial services provider's stock valued at $710,000 after buying an additional 7,197 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Trading Up 2.1%

Shares of IBKR opened at $87.83 on Friday. Interactive Brokers Group has a 12 month low of $58.95 and a 12 month high of $97.84. The firm's 50 day moving average is $91.16 and its 200-day moving average is $80.63. The stock has a market capitalization of $148.99 billion, a PE ratio of 35.13, a P/E/G ratio of 1.62 and a beta of 1.34.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The firm's quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share. Equities research analysts predict that Interactive Brokers Group will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group's dividend payout ratio is 14.00%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc NASDAQ: IBKR is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.

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