Interactive Brokers Group (NASDAQ:IBKR) Stock Price Expected to Rise, Barclays Analyst Says

Interactive Brokers Group (NASDAQ:IBKR - Free Report) had its price objective raised by Barclays from $188.00 to $193.00 in a report released on Wednesday, Marketbeat.com reports. Barclays currently has an overweight rating on the financial services provider's stock.

Several other equities analysts have also weighed in on IBKR. Bank of America dropped 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 report on Wednesday, April 16th. Citigroup reduced their target price on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research note on Monday, January 13th. Piper Sandler lowered their target price on Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group increased their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $207.88.

Interactive Brokers Group Price Performance

NASDAQ:IBKR traded down $4.93 during trading hours on Wednesday, reaching $154.59. 676,803 shares of the stock were exchanged, compared to its average volume of 1,344,848. The stock has a market cap of $65.33 billion, a PE ratio of 21.90, a PEG ratio of 1.59 and a beta of 1.02. Interactive Brokers Group has a twelve month low of $103.69 and a twelve month high of $236.53. The firm has a 50 day moving average of $183.78 and a 200 day moving average of $181.81.

Shares of Interactive Brokers Group are set to split on the morning of Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly minted shares will be payable to shareholders after the market closes on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.04). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. Equities research analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.65%. Interactive Brokers Group's payout ratio is currently 14.16%.

Insiders Place Their Bets

In other news, Director Jill Bright purchased 135 shares of the business's stock in a transaction on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.99% of the stock is currently owned by corporate insiders.

Institutional Trading of Interactive Brokers Group

Several hedge funds have recently bought and sold shares of the business. Contravisory Investment Management Inc. acquired a new position in Interactive Brokers Group during the 4th quarter valued at about $25,000. SRH Advisors LLC purchased a new stake in Interactive Brokers Group during the fourth quarter worth about $28,000. Versant Capital Management Inc raised its holdings in shares of Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after purchasing an additional 71 shares during the period. Blue Trust Inc. raised 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 buying an additional 88 shares during the period. Finally, Aster Capital Management DIFC Ltd lifted its holdings in Interactive Brokers Group by 39.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

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.