Interactive Brokers Group (NASDAQ:IBKR) Reaches New 1-Year High at $122.94

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $122.94 and last traded at $122.68, with a volume of 44609 shares. The stock had previously closed at $121.82.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup increased their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, April 11th. Jefferies Financial Group raised their price target on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, April 17th. Piper Sandler upped their price objective on Interactive Brokers Group from $105.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, April 12th. Bank of America increased their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. Finally, Barclays boosted their target price on Interactive Brokers Group from $132.00 to $136.00 and gave the company an "overweight" rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Interactive Brokers Group has an average rating of "Moderate Buy" and an average price target of $124.00.

Interactive Brokers Group Price Performance

The stock has a market capitalization of $52.14 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 1.23 and a beta of 0.81. The stock has a fifty day moving average price of $113.77 and a 200 day moving average price of $97.68.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Research analysts anticipate that Interactive Brokers Group, Inc. will post 6.49 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, May 31st. This represents a $1.00 annualized dividend and a yield of 0.81%. This is a boost from Interactive Brokers Group's previous quarterly dividend of $0.10. Interactive Brokers Group's payout ratio is currently 6.84%.

Insiders Place Their Bets

In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total transaction of $524,300.00. Following the completion of the transaction, the insider now directly owns 113,770 shares in the company, valued at approximately $11,929,922.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.21% of the company's stock.

Institutional Trading of Interactive Brokers Group

A number of large investors have recently modified their holdings of the business. FMR LLC raised its position in Interactive Brokers Group by 211.7% during the third quarter. FMR LLC now owns 1,773,533 shares of the financial services provider's stock valued at $153,517,000 after purchasing an additional 1,204,573 shares in the last quarter. Norges Bank purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $97,476,000. Goldman Sachs Group Inc. lifted its position in Interactive Brokers Group by 122.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider's stock worth $78,855,000 after buying an additional 524,503 shares during the last quarter. Invesco Ltd. boosted its stake in Interactive Brokers Group by 234.6% in the third quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider's stock worth $49,104,000 after buying an additional 397,729 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Interactive Brokers Group by 3.3% during the third quarter. Vanguard Group Inc. now owns 9,566,830 shares of the financial services provider's stock valued at $828,105,000 after acquiring an additional 308,236 shares during the last quarter. Institutional investors own 23.80% of the company's stock.

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.