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

Key Points

• Consensus "Moderate Buy" — Ten analysts cover IBKR with a consensus rating of Moderate Buy (7 buys, 3 holds) and an average 12‑month price target of $83.25; Goldman Sachs recently raised its target to $98.
• Quarterly results showed a beat on earnings with $0.60 EPS vs. $0.57 expected and revenue of $1.68B (+17% YoY), while analysts project ~2.46 EPS for the current year.
• Corporate moves include a raised quarterly dividend to $0.0875 per share (annualized $0.35, ~0.4% yield) and an insider sale of 26,000 shares; the company has a market cap of about $135B and a P/E around 34.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $83.25.

IBKR has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price target on Interactive Brokers Group from $89.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, April 22nd. Jefferies Financial Group lowered their price target on Interactive Brokers Group from $91.00 to $81.00 and set a "buy" rating on the stock in a research report on Monday, April 6th. Piper Sandler boosted their price target on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 22nd. BMO Capital Markets boosted their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods initiated coverage on Interactive Brokers Group in a research report on Wednesday, April 8th. They set a "market perform" rating and a $75.00 price target on the stock.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $79.50 on Friday. The business's 50 day simple moving average is $71.46 and its 200 day simple moving average is $69.92. Interactive Brokers Group has a 52-week low of $43.10 and a 52-week high of $82.88. The firm has a market cap of $134.86 billion, a PE ratio of 34.27, a P/E/G ratio of 2.13 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.Interactive Brokers Group's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.94 EPS. As a group, equities research analysts predict that Interactive Brokers Group will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be given a dividend of $0.0875 per share. This is a positive change from Interactive Brokers Group's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group's payout ratio is presently 15.09%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the business's stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director owned 173,482 shares of the company's stock, valued at $13,345,970.26. The trade was a 13.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IBKR. Reflection Asset Management bought a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Interactive Brokers Group during the 3rd quarter worth approximately $27,000. IMA Advisory Services Inc. boosted its stake in shares of Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider's stock worth $29,000 after acquiring an additional 178 shares during the period. Tobam bought a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $30,000. Finally, Entrust Financial LLC bought a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $31,000. 23.80% of the stock is currently owned by institutional investors.

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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