Interactive Brokers Group (NASDAQ:IBKR) Sets New 12-Month High Following Analyst Upgrade

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday after Barclays raised their price target on the stock from $65.00 to $73.00. Barclays currently has an overweight rating on the stock. Interactive Brokers Group traded as high as $60.35 and last traded at $59.63, with a volume of 6050380 shares traded. The stock had previously closed at $59.60.

Several other equities analysts have also recently commented on the stock. Piper Sandler boosted their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Citigroup boosted their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. The Goldman Sachs Group boosted their price target 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. Finally, Bank of America lowered their price target on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $59.38.

Institutional Investors Weigh In On Interactive Brokers Group

Large investors have recently bought and sold shares of the business. Independent Advisor Alliance acquired a new position in Interactive Brokers Group during the 4th quarter worth $261,000. Farther Finance Advisors LLC lifted its position in Interactive Brokers Group by 27.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,034 shares of the financial services provider's stock worth $183,000 after acquiring an additional 224 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Interactive Brokers Group by 6.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 17,008 shares of the financial services provider's stock worth $3,005,000 after acquiring an additional 990 shares during the last quarter. Natixis Advisors LLC lifted its position in Interactive Brokers Group by 12.6% during the 4th quarter. Natixis Advisors LLC now owns 21,203 shares of the financial services provider's stock worth $3,746,000 after acquiring an additional 2,369 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in Interactive Brokers Group by 14.8% during the 4th quarter. Corient Private Wealth LLC now owns 8,800 shares of the financial services provider's stock worth $1,555,000 after acquiring an additional 1,132 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Performance

The stock has a market cap of $108.28 billion, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The stock's 50-day simple moving average is $53.84 and its two-hundred day simple moving average is $49.36.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 5.06%. The business's revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.76 EPS. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, August 29th. Interactive Brokers Group's dividend payout ratio is currently 17.30%.

Interactive Brokers Group Company Profile

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.