Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $138.00

Interactive Brokers Group (NASDAQ:IBKR - Free Report) had its target price hoisted by Jefferies Financial Group from $133.00 to $138.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the financial services provider's stock.

A number of other research analysts have also issued reports on IBKR. Piper Sandler increased their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an overweight rating in a research report on Friday, April 12th. Bank of America increased their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a buy rating in a research report on Wednesday. UBS Group reduced their price target on shares of Interactive Brokers Group from $108.00 to $104.00 and set a buy rating on the stock in a research report on Tuesday, January 9th. Barclays increased their price target on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an overweight rating in a research report on Wednesday. Finally, The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a neutral rating to a buy rating and increased their price target for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $124.00.

Interactive Brokers Group Trading Up 1.3 %

Shares of NASDAQ:IBKR traded up $1.37 on Wednesday, reaching $110.60. 960,921 shares of the company's stock were exchanged, compared to its average volume of 1,190,980. The company has a fifty day moving average of $108.49 and a 200-day moving average of $92.68. Interactive Brokers Group has a twelve month low of $70.83 and a twelve month high of $116.92. The company has a market capitalization of $46.57 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.22 and a beta of 0.83.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Interactive Brokers Group had a return on equity of 4.84% and a net margin of 7.62%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the company earned $1.30 EPS. The business's revenue for the quarter was up 16.7% on a year-over-year basis. As a group, equities research analysts forecast that Interactive Brokers Group will post 6.36 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 14th. Shareholders of record on Friday, May 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.90%. This is a positive change from Interactive Brokers Group's previous quarterly dividend of $0.10. Interactive Brokers Group's dividend payout ratio (DPR) is currently 6.84%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, insider Thomas Aj Frank sold 50,300 shares of the firm's stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $90.53, for a total value of $4,553,659.00. Following the sale, the insider now owns 445,352 shares in the company, valued at $40,317,716.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Vice Chairman Earl H. Nemser sold 25,782 shares of the firm's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the completion of the transaction, the insider now owns 208,770 shares of the company's stock, valued at $19,981,376.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas Aj Frank sold 50,300 shares of the firm's stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $90.53, for a total transaction of $4,553,659.00. Following the transaction, the insider now directly owns 445,352 shares of the company's stock, valued at approximately $40,317,716.56. The disclosure for this sale can be found here. Insiders have sold 428,883 shares of company stock worth $40,395,135 over the last quarter. Corporate insiders own 3.21% of the company's stock.

Hedge Funds Weigh In On Interactive Brokers Group

Large investors have recently modified their holdings of the business. State of Michigan Retirement System raised its stake in Interactive Brokers Group by 2.3% during the first quarter. State of Michigan Retirement System now owns 26,279 shares of the financial services provider's stock worth $2,936,000 after buying an additional 600 shares during the last quarter. Oliver Luxxe Assets LLC boosted its holdings in Interactive Brokers Group by 1.8% during the first quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider's stock worth $787,000 after purchasing an additional 126 shares during the last quarter. 180 Wealth Advisors LLC purchased a new position in Interactive Brokers Group during the first quarter worth about $224,000. Thrive Wealth Management LLC purchased a new position in Interactive Brokers Group during the first quarter worth about $246,000. Finally, Wallace Advisory Group LLC raised its position in Interactive Brokers Group by 8.8% in the first quarter. Wallace Advisory Group LLC now owns 2,693 shares of the financial services provider's stock worth $301,000 after acquiring an additional 217 shares during the period. 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.