Interactive Brokers Group, Inc. (NASDAQ:IBKR) Given Average Recommendation of "Buy" by Brokerages

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) has been given an average recommendation of "Buy" by the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $117.25.

A number of research firms have recently commented on IBKR. The Goldman Sachs Group upgraded Interactive Brokers Group from a "neutral" rating to a "buy" rating and increased their price objective for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. Barclays raised their price target on Interactive Brokers Group from $117.00 to $132.00 and gave the stock an "overweight" rating in a research note on Monday. Citigroup raised their price target on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, UBS Group dropped their price target on Interactive Brokers Group from $108.00 to $104.00 and set a "buy" rating on the stock in a research note on Tuesday, January 9th.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the completion of the sale, the insider now directly owns 234,552 shares of the company's stock, valued at approximately $22,585,012.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Vice Chairman Earl H. Nemser sold 74,218 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the sale, the insider now directly owns 234,552 shares of the company's stock, valued at approximately $22,585,012.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 25,782 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $95.71, for a total value of $2,467,595.22. Following the completion of the sale, the insider now directly owns 208,770 shares of the company's stock, valued at $19,981,376.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 467,996 shares of company stock valued at $43,844,885. 3.21% of the stock is owned by company insiders.

Institutional Trading of Interactive Brokers Group

Hedge funds have recently modified their holdings of the business. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group in the 4th quarter valued at approximately $25,000. Rise Advisors LLC purchased a new position in Interactive Brokers Group in the 1st quarter valued at approximately $30,000. Eagle Bay Advisors LLC purchased a new position in Interactive Brokers Group in the 2nd quarter valued at approximately $31,000. Rakuten Securities Inc. purchased a new position in Interactive Brokers Group in the 4th quarter valued at approximately $34,000. Finally, Headlands Technologies LLC purchased a new position in Interactive Brokers Group in the 3rd quarter valued at approximately $40,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 1.2 %

NASDAQ IBKR traded down $1.34 during trading hours on Thursday, hitting $112.16. 655,291 shares of the company were exchanged, compared to its average volume of 1,170,083. The company has a 50 day moving average of $107.04 and a two-hundred day moving average of $91.91. Interactive Brokers Group has a 52-week low of $70.83 and a 52-week high of $116.92. The firm has a market cap of $47.22 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.34 and a beta of 0.83.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the company posted $1.30 EPS. The company's revenue was up 16.7% compared to the same quarter last year. On average, equities research analysts predict that Interactive Brokers Group will post 6.16 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. Interactive Brokers Group's payout ratio is 7.07%.

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.