Interactive Brokers Group (NASDAQ:IBKR) Sets New 12-Month High - Here's Why

Key Points

• Interactive Brokers shares hit a new 52-week high of $83.86 on Tuesday, trading with about 800,936 shares changing hands.
• Analysts are broadly positive—MarketBeat shows an average rating of "Moderate Buy" with an average target of $83.25, and several firms have raised targets (Goldman $98, Barclays $93, Piper Sandler $88).
• The company reported a quarterly EPS beat of $0.60 (vs. $0.57) with revenue up 17% year-over-year, and raised its quarterly dividend to $0.0875 (annualized $0.35, ~0.4% yield).

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $83.86 and last traded at $83.6490, with a volume of 800936 shares changing hands. The stock had previously closed at $81.72.

Wall Street Analyst Weigh In

IBKR has been the subject of several research reports. The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research note on Friday. Barclays boosted their price objective on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods initiated coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They set a "market perform" rating and a $75.00 price target on the stock. Piper Sandler raised their price objective on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, April 22nd. Finally, Zacks Research lowered shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 24th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $83.25.

Interactive Brokers Group Price Performance

The firm has a market capitalization of $142.31 billion, a price-to-earnings ratio of 36.15, a PEG ratio of 2.22 and a beta of 1.32. The business's fifty day simple moving average is $71.46 and its 200 day simple moving average is $69.92.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The company had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.69 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The business's revenue was up 17.0% on a year-over-year basis. Equities research analysts expect that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be issued a $0.0875 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Interactive Brokers Group's previous quarterly dividend of $0.08. Interactive Brokers Group's dividend payout ratio (DPR) is 13.79%.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 173,482 shares of the company's stock, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Reflection Asset Management purchased a new stake in Interactive Brokers Group during the fourth quarter valued at about $26,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Interactive Brokers Group in the third quarter worth about $27,000. IMA Advisory Services Inc. raised its position in shares of Interactive Brokers Group by 64.3% in the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 178 shares during the period. Tobam purchased a new stake in shares of Interactive Brokers Group during the 4th quarter valued at approximately $30,000. Finally, Entrust Financial LLC bought a new position in Interactive Brokers Group in the 4th quarter worth approximately $31,000. Institutional investors own 23.80% of the company's stock.

About Interactive Brokers Group

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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