Interactive Brokers Group (NASDAQ:IBKR) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $187.50 and traded as high as $208.30. Interactive Brokers Group shares last traded at $206.61, with a volume of 967,919 shares.

Wall Street Analyst Weigh In

IBKR has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $212.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Bank of America reduced their price objective on shares of Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reduced their price objective on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Citigroup reduced their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.50.

Interactive Brokers Group Stock Performance

The company has a market capitalization of $89.81 billion, a P/E ratio of 30.10, a price-to-earnings-growth ratio of 1.59 and a beta of 1.19. The firm's fifty day moving average is $176.50 and its 200-day moving average is $188.01.

Shares of Interactive Brokers Group are set to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Tuesday, April 15th. The financial services provider reported $1.88 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.04). Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. As a group, analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from Interactive Brokers Group's previous dividend of $0.10. Interactive Brokers Group's dividend payout ratio (DPR) is currently 17.32%.

Institutional Investors Weigh In On Interactive Brokers Group

Several hedge funds have recently added to or reduced their stakes in the business. IFM Investors Pty Ltd acquired a new position in shares of Interactive Brokers Group in the 1st quarter worth approximately $3,707,000. Intech Investment Management LLC lifted its position in shares of Interactive Brokers Group by 176.2% in the 1st quarter. Intech Investment Management LLC now owns 138,146 shares of the financial services provider's stock worth $22,876,000 after purchasing an additional 88,136 shares during the period. Bayforest Capital Ltd lifted its position in shares of Interactive Brokers Group by 33.5% in the 1st quarter. Bayforest Capital Ltd now owns 3,873 shares of the financial services provider's stock worth $641,000 after purchasing an additional 971 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Interactive Brokers Group by 38.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 424,970 shares of the financial services provider's stock worth $70,371,000 after purchasing an additional 118,116 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Interactive Brokers Group by 3.0% in the 1st quarter. Empowered Funds LLC now owns 39,131 shares of the financial services provider's stock worth $6,480,000 after purchasing an additional 1,156 shares during the period. 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.