Interactive Brokers Group (NASDAQ:IBKR) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $48.04 and traded as high as $55.62. Interactive Brokers Group shares last traded at $55.41, with a volume of 5,769,410 shares changing hands.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of analyst reports. Piper Sandler lowered their target price on shares of Interactive Brokers Group from $52.50 to $48.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Barclays boosted their target price on Interactive Brokers Group from $47.00 to $48.25 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Citigroup downgraded shares of Interactive Brokers Group from a "buy" rating to a "neutral" rating and upped their target price for the company from $51.25 to $53.75 in a research note on Monday, June 9th. Finally, Bank of America reduced their price target on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $53.38.

Interactive Brokers Group Stock Up 3.4%

The firm has a market capitalization of $98.42 billion, a price-to-earnings ratio of 31.51, a price-to-earnings-growth ratio of 3.05 and a beta of 1.25. The business's fifty day moving average is $49.90 and its 200 day moving average is $48.10.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.55%. The ex-dividend date was Friday, May 30th. Interactive Brokers Group's payout ratio is 17.30%.

Institutional Trading of Interactive Brokers Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its stake in shares of Interactive Brokers Group by 34.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the financial services provider's stock worth $86,000 after buying an additional 122 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Interactive Brokers Group by 1,434.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,688 shares of the financial services provider's stock worth $298,000 after acquiring an additional 1,578 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Interactive Brokers Group during the fourth quarter valued at approximately $58,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Interactive Brokers Group by 151.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261 shares of the financial services provider's stock worth $48,000 after purchasing an additional 157 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Interactive Brokers Group by 6.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 17,008 shares of the financial services provider's stock worth $3,005,000 after buying an additional 990 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

About Interactive Brokers Group

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.