Interactive Brokers Group (NASDAQ:IBKR) Hits New 1-Year High - What's Next?

Key Points

• Interactive Brokers Group's stock reached a new 52-week high of $67.57 during mid-day trading, reflecting a strong upward performance with a trading volume of 280,015 shares.
• Analysts have raised their price targets for Interactive Brokers, with Barclays increasing theirs from $65.00 to $73.00, and overall, the stock currently has a consensus price target of $59.38.
• The company announced a quarterly dividend of $0.08, reflecting a 0.5% dividend yield and indicating a healthy return to investors.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $67.57 and last traded at $67.17, with a volume of 280015 shares trading hands. The stock had previously closed at $66.18.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Piper Sandler boosted their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Barclays boosted their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Citigroup upped their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Finally, The Goldman Sachs Group upped their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research report 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.38.

Interactive Brokers Group Price Performance

The firm has a 50 day simple moving average of $58.94 and a two-hundred day simple moving average of $51.62. The stock has a market cap of $107.03 billion, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 2.60 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the prior year, the company earned $1.76 earnings per share. The business's quarterly revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the transaction, the insider owned 461,500 shares of the company's stock, valued at $31,146,635. The trade was a 29.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 233,972 shares of company stock valued at $15,746,449. 2.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Compound Planning Inc. boosted its stake in Interactive Brokers Group by 1.1% in the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock valued at $958,000 after purchasing an additional 62 shares during the period. CWM LLC raised its holdings in Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock valued at $176,000 after acquiring an additional 66 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Interactive Brokers Group by 0.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock worth $1,410,000 after buying an additional 70 shares in the last quarter. USS Investment Management Ltd raised its holdings in shares of Interactive Brokers Group by 0.4% during the 1st quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider's stock worth $3,339,000 after buying an additional 76 shares in the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of Interactive Brokers Group by 4.1% during the 1st quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock worth $329,000 after buying an additional 79 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

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.