Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $190.37 and traded as high as $210.87. Interactive Brokers Group shares last traded at $208.17, with a volume of 920,424 shares.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday. Piper Sandler lowered their price target 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 lifted their price target on shares of Interactive Brokers Group from $47.00 to $48.25 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Bank of America lowered their price target on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $53.38.
View Our Latest Stock Report on Interactive Brokers Group
Interactive Brokers Group Stock Down 2.4%
The business's fifty day moving average is $48.11 and its 200-day moving average is $47.71. The stock has a market capitalization of $86.79 billion, a PE ratio of 27.79, a P/E/G ratio of 2.78 and a beta of 1.25.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.
Interactive Brokers Group Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.62%. Interactive Brokers Group's payout ratio is 17.30%.
Institutional Investors Weigh In On Interactive Brokers Group
A number of institutional investors have recently bought and sold shares of the stock. First Hawaiian Bank lifted its position in Interactive Brokers Group by 334.1% during the first quarter. First Hawaiian Bank now owns 7,557 shares of the financial services provider's stock valued at $1,251,000 after buying an additional 5,816 shares in the last quarter. Inspire Investing LLC lifted its position in Interactive Brokers Group by 19.5% during the first quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider's stock valued at $7,839,000 after buying an additional 7,734 shares in the last quarter. Strs Ohio acquired a new position in Interactive Brokers Group during the first quarter valued at approximately $1,493,000. IFM Investors Pty Ltd acquired a new position in Interactive Brokers Group during the first quarter valued at approximately $3,707,000. Finally, Intech Investment Management LLC lifted its position in Interactive Brokers Group by 176.2% during the first quarter. Intech Investment Management LLC now owns 138,146 shares of the financial services provider's stock valued at $22,876,000 after buying an additional 88,136 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.
About Interactive Brokers Group
(
Get Free Report)
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.
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