Interactive Brokers Group (NASDAQ:IBKR) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• IBKR shares crossed above the 200-day moving average of $82.79, reaching $83.70 before closing near $83.54.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $102.87; Jefferies recently raised its target to $108.
• The company matched quarterly EPS expectations at $0.67, reported revenue of $1.87 billion—up 15.6% year over year—and increased its quarterly dividend to $0.15 per share.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $82.79 and traded as high as $83.70. Interactive Brokers Group shares last traded at $83.54, with a volume of 4,611,688 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Raymond James Financial initiated coverage on shares of Interactive Brokers Group in a research report on Wednesday, August 26th. They set a "market perform" rating on the stock. Jefferies Financial Group increased their target price on shares of Interactive Brokers Group from $102.00 to $108.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of Interactive Brokers Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, October 16th. Seaport Research Partners upgraded shares of Interactive Brokers Group to a "buy" rating in a report on Monday, October 12th. Finally, Rothschild & Co Redburn boosted their price target on shares of Interactive Brokers Group from $94.00 to $95.00 and gave the company a "buy" rating in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $102.87.

Interactive Brokers Group Stock Performance

The company's 50 day moving average price is $88.83 and its 200 day moving average price is $82.79. The company has a market cap of $142.14 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 1.31 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. Interactive Brokers Group's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 EPS. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Tuesday, December 1st will be given a $0.15 dividend. This is an increase from Interactive Brokers Group's previous quarterly dividend of $0.0875. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 1st. Interactive Brokers Group's payout ratio is presently 23.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IBKR. Bessemer Group Inc. grew its holdings in Interactive Brokers Group by 156.0% during the first quarter. Bessemer Group Inc. now owns 3,922,736 shares of the financial services provider's stock valued at $263,097,000 after purchasing an additional 2,390,247 shares during the last quarter. Amundi lifted its stake in shares of Interactive Brokers Group by 62.4% in the first quarter. Amundi now owns 2,433,236 shares of the financial services provider's stock worth $163,197,000 after buying an additional 934,843 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Interactive Brokers Group during the 2nd quarter worth $210,639,000. Progeny 3 Inc. boosted its holdings in shares of Interactive Brokers Group by 3.1% during the 1st quarter. Progeny 3 Inc. now owns 2,195,640 shares of the financial services provider's stock worth $147,262,000 after buying an additional 65,880 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Interactive Brokers Group by 0.4% during the 1st quarter. KBC Group NV now owns 2,115,438 shares of the financial services provider's stock worth $141,883,000 after buying an additional 8,844 shares during the period. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.

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