Interactive Brokers Group (NASDAQ:IBKR) Shares Set to Split on Wednesday, June 18th

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) are scheduled to split 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 market closes on Tuesday, June 17th.

Interactive Brokers Group Stock Down 0.1%

Shares of IBKR stock traded down $0.29 during mid-day trading on Tuesday, reaching $207.91. The company's stock had a trading volume of 1,238,925 shares, compared to its average volume of 1,396,720. The firm has a market capitalization of $87.87 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.59 and a beta of 1.19. The company's 50 day simple moving average is $179.82 and its 200-day simple moving average is $189.08. Interactive Brokers Group has a 12-month low of $103.69 and a 12-month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. As a group, research analysts anticipate that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.32 per share. This is an increase from Interactive Brokers Group's previous quarterly dividend of $0.10. This represents a $1.28 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, May 30th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 17.32%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on IBKR shares. Bank of America dropped their price objective on Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $212.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Barclays upped their price target on shares of Interactive Brokers Group from $188.00 to $193.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. Piper Sandler decreased their price objective on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of "Moderate Buy" and an average price target of $213.50.

Institutional Investors Weigh In On Interactive Brokers Group

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in Interactive Brokers Group by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider's stock valued at $559,821,000 after purchasing an additional 11,379 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 88 shares during the period. Caprock Group LLC raised its holdings in shares of Interactive Brokers Group by 47.5% during the fourth quarter. Caprock Group LLC now owns 2,971 shares of the financial services provider's stock valued at $525,000 after buying an additional 957 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Interactive Brokers Group by 1.8% during the fourth quarter. DAVENPORT & Co LLC now owns 5,856 shares of the financial services provider's stock worth $1,035,000 after buying an additional 103 shares during the period. Finally, Spire Wealth Management grew its holdings in Interactive Brokers Group by 18.4% in the 4th quarter. Spire Wealth Management now owns 2,735 shares of the financial services provider's stock worth $483,000 after buying an additional 426 shares in the last quarter. 23.80% of the stock is 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.