Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) has received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $97.17.
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A number of equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on Interactive Brokers Group in a report on Thursday, March 16th. They set a “hold” rating for the company. Jefferies Financial Group increased their price target on Interactive Brokers Group from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Tuesday, March 7th. Finally, Barclays boosted their price target on Interactive Brokers Group from $96.00 to $102.00 and gave the company an “overweight” rating in a research note on Wednesday, March 22nd.
Insider Buying and Selling at Interactive Brokers Group
In other news, Chairman Thomas Peterffy sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $79.55, for a total transaction of $1,591,000.00. Following the sale, the chairman now directly owns 1,750,605 shares in the company, valued at $139,260,627.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 160,000 shares of company stock worth $12,393,800 over the last 90 days. Insiders own 3.34% of the company’s stock.
Hedge Funds Weigh In On Interactive Brokers Group
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Belpointe Asset Management LLC acquired a new position in shares of Interactive Brokers Group in the fourth quarter worth approximately $25,000. Wipfli Financial Advisors LLC acquired a new position in Interactive Brokers Group in the third quarter valued at approximately $28,000. Fifth Third Bancorp lifted its stake in Interactive Brokers Group by 40.2% in the third quarter. Fifth Third Bancorp now owns 509 shares of the financial services provider’s stock valued at $33,000 after buying an additional 146 shares during the period. Eagle Bay Advisors LLC acquired a new position in Interactive Brokers Group in the second quarter valued at approximately $31,000. Finally, IFP Advisors Inc lifted its stake in Interactive Brokers Group by 511.5% in the fourth quarter. IFP Advisors Inc now owns 587 shares of the financial services provider’s stock valued at $51,000 after buying an additional 491 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.
Interactive Brokers Group Trading Up 1.8 %
IBKR stock opened at $82.56 on Friday. The business’s 50-day moving average price is $83.03 and its two-hundred day moving average price is $76.95. The firm has a market cap of $34.64 billion, a PE ratio of 22.07, a P/E/G ratio of 0.57 and a beta of 0.79. Interactive Brokers Group has a 1-year low of $52.18 and a 1-year high of $90.19.
Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last posted its earnings results on Tuesday, January 17th. The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.14. Interactive Brokers Group had a return on equity of 3.77% and a net margin of 9.30%. The firm had revenue of $976.00 million for the quarter, compared to analyst estimates of $926.75 million. On average, analysts forecast that Interactive Brokers Group will post 5.46 earnings per share for the current year.
Interactive Brokers Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 14th. Shareholders of record on Wednesday, March 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Tuesday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 10.70%.
About Interactive Brokers Group
Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serves the customers of both traditional brokers and prime brokers.
Further Reading
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