Brokerages Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Target Price at $59.38

Key Points

• Interactive Brokers Group, Inc. (NASDAQ:IBKR) has received a consensus rating of "Moderate Buy" from eight brokerages, with one hold recommendation and seven buy recommendations.
• The average twelve-month price objective among analysts for Interactive Brokers is $59.3750, with recent target price increases from several firms including Goldman Sachs and Barclays.
• The company reported earnings of $0.51 per share for the last quarter, beating estimates, and announced a quarterly dividend of $0.08 per share, reflecting a 0.5% yield.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) has received an average rating of "Moderate Buy" from the eight analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $59.3750.

A number of analysts have recently weighed in on IBKR shares. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Piper Sandler lifted their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. The Goldman Sachs Group lifted their target price on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Citigroup upped their target price on shares of 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 upped their target price on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, July 18th.

Interactive Brokers Group Trading Up 1.6%

Shares of NASDAQ IBKR traded up $1.00 during mid-day trading on Friday, reaching $62.79. The company had a trading volume of 5,240,098 shares, compared to its average volume of 7,617,661. The business's 50-day moving average is $60.71 and its 200-day moving average is $52.00. The stock has a market cap of $106.50 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 2.58 and a beta of 1.22. Interactive Brokers Group has a 52 week low of $30.01 and a 52 week high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 earnings per share. As a group, equities research analysts forecast that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is 16.49%.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the transaction, the insider owned 461,500 shares of the company's stock, valued at approximately $31,146,635. This trade represents a 29.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 233,972 shares of company stock valued at $15,746,449 over the last ninety days. Company insiders own 2.97% of the company's stock.

Institutional Trading of Interactive Brokers Group

Hedge funds have recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new stake in Interactive Brokers Group in the first quarter valued at approximately $26,000. ORG Partners LLC grew its position in shares of Interactive Brokers Group by 312.9% during the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider's stock worth $27,000 after acquiring an additional 363 shares during the last quarter. Huntington National Bank grew its position in Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider's stock valued at $29,000 after buying an additional 176 shares during the last quarter. Contravisory Investment Management Inc. grew its position in Interactive Brokers Group by 300.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider's stock valued at $31,000 after buying an additional 423 shares during the last quarter. Finally, Private Wealth Asset Management LLC grew its position in Interactive Brokers Group by 300.0% in the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider's stock valued at $32,000 after buying an additional 435 shares during the last quarter. Institutional investors and hedge funds 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.