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

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $53.38.

Several research analysts have recently commented on the company. Citigroup lowered Interactive Brokers Group from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $51.25 to $53.75 in a research report on Monday, June 9th. Barclays raised their price target on Interactive Brokers Group from $47.00 to $48.25 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. Piper Sandler cut their price target on Interactive Brokers Group from $52.50 to $48.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Bank of America cut their price target on Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group raised their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, May 15th.

Interactive Brokers Group Stock Down 0.4%

Shares of IBKR traded down $0.25 during mid-day trading on Friday, hitting $57.97. The stock had a trading volume of 4,499,824 shares, compared to its average volume of 5,805,742. The company has a market cap of $98.00 billion, a PE ratio of 31.38, a PEG ratio of 3.14 and a beta of 1.25. The company's fifty day simple moving average is $50.89 and its two-hundred day simple moving average is $48.35. Interactive Brokers Group has a fifty-two week low of $25.92 and a fifty-two week high of $59.13.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Tuesday, April 15th. The financial services provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 4.97% and a net margin of 9.53%. Equities analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.55%. The ex-dividend date was Friday, May 30th. Interactive Brokers Group's payout ratio is currently 17.30%.

Institutional Trading of Interactive Brokers Group

Several hedge funds have recently added to or reduced their stakes in IBKR. Fisher Asset Management LLC bought a new stake in Interactive Brokers Group during the 4th quarter valued at $249,000. Smartleaf Asset Management LLC raised its stake in Interactive Brokers Group by 34.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the financial services provider's stock valued at $86,000 after acquiring an additional 122 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in Interactive Brokers Group by 65.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the financial services provider's stock valued at $76,000 after acquiring an additional 170 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Interactive Brokers Group by 1,434.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,688 shares of the financial services provider's stock valued at $298,000 after acquiring an additional 1,578 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Interactive Brokers Group during the 4th quarter valued at $58,000. Institutional investors 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.