Interactive Brokers Group (NASDAQ:IBKR) Hits New 12-Month High - Here's What Happened

Key Points

• Interactive Brokers Group's stock reached a new 52-week high at $66.82, closing last at $66.22, with a trading volume of over 3.8 million shares.
• Analysts have shown a positive outlook as several firms, including Goldman Sachs and CitiGroup, upgraded their target prices to between $60.00 and $73.00, indicating a consensus rating of "Moderate Buy".
• The company reported earnings per share of $0.51, surpassing estimates, and declared a quarterly dividend of $0.08 per share, demonstrating financial stability.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $66.82 and last traded at $66.22, with a volume of 3813364 shares changing hands. The stock had previously closed at $65.20.

Analyst Ratings Changes

Several equities research analysts recently weighed in on IBKR shares. Citigroup increased their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Barclays increased their price objective on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Bank of America dropped their price objective on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average target price of $59.38.

Interactive Brokers Group Trading Down 3.0%

The company has a market cap of $107.53 billion, a PE ratio of 33.04, a P/E/G ratio of 2.62 and a beta of 1.22. The business's 50-day simple moving average is $56.43 and its 200-day simple moving average is $50.60.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The company's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.76 EPS. On average, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Insider Buying and Selling

In related news, Vice Chairman Earl H. Nemser sold 39,786 shares of Interactive Brokers Group stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $66.38, for a total value of $2,640,994.68. Following the transaction, the insider owned 360,114 shares in the company, valued at $23,904,367.32. This trade represents a 9.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.97% of the stock is owned by company insiders.

Institutional Trading of Interactive Brokers Group

Several hedge funds and other institutional investors have recently bought and sold shares of IBKR. N.E.W. Advisory Services LLC acquired a new stake in Interactive Brokers Group in the 1st quarter worth $26,000. ORG Partners LLC boosted its position in shares of Interactive Brokers Group by 312.9% during the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 363 shares in the last quarter. Contravisory Investment Management Inc. boosted its position in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 423 shares in the last quarter. Private Wealth Asset Management LLC boosted its position in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 435 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its position in shares of Interactive Brokers Group by 39.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 53 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.