Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $210.87 and last traded at $208.17, with a volume of 920424 shares changing hands. The stock had previously closed at $209.66.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on IBKR. Bank of America cut their price target on Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a report on Wednesday, April 16th. Barclays upped their price target on shares of 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 dropped their price objective on Interactive Brokers Group from $52.50 to $48.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Citigroup cut Interactive Brokers Group from a "buy" rating to a "neutral" rating and lifted their target price for the company from $51.25 to $53.75 in a research report on Monday, June 9th. Finally, The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.38.
Check Out Our Latest Analysis on Interactive Brokers Group
Interactive Brokers Group Price Performance
The firm has a 50-day simple moving average of $48.11 and a 200 day simple moving average of $47.70. The stock has a market capitalization of $86.79 billion, a P/E ratio of 27.79, a P/E/G ratio of 2.85 and a beta of 1.25.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.
Interactive Brokers Group Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.62%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 4.33%.
Institutional Trading of Interactive Brokers Group
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP grew its position in shares of Interactive Brokers Group by 8,249.3% in the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock valued at $263,950,000 after buying an additional 1,476,135 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Interactive Brokers Group by 1,476.3% in the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock worth $237,453,000 after acquiring an additional 1,343,007 shares during the period. Norges Bank acquired a new position in shares of Interactive Brokers Group in the fourth quarter worth approximately $229,316,000. Bank of America Corp DE boosted its holdings in Interactive Brokers Group by 91.4% in the fourth quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock valued at $413,226,000 after acquiring an additional 1,117,186 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Interactive Brokers Group during the 4th quarter worth approximately $120,046,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.
About Interactive Brokers Group
(
Get Free Report)
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.
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