Brokerages Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Price Target at $213.50

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $213.50.

A number of equities research analysts have recently issued reports on the stock. Bank of America reduced their price target on shares of Interactive Brokers Group from $265.00 to $243.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. UBS Group lifted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $212.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Piper Sandler cut their price objective on Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th.

Interactive Brokers Group Trading Up 1.1%

IBKR stock opened at $210.34 on Friday. The firm has a 50 day moving average of $173.86 and a 200-day moving average of $186.65. Interactive Brokers Group has a 12-month low of $103.69 and a 12-month high of $236.53. The company has a market cap of $88.88 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 1.59 and a beta of 1.19.

Interactive Brokers Group shares are set to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly minted shares will be payable to shareholders after the market closes on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.04). Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Sell-side analysts forecast that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from Interactive Brokers Group’s previous dividend of $0.10. Interactive Brokers Group’s payout ratio is 17.32%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IBKR. Aster Capital Management DIFC Ltd grew its stake in shares of Interactive Brokers Group by 39.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares during the period. KG&L Capital Management LLC boosted its position in Interactive Brokers Group by 2.5% during the 4th quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 60 shares during the period. Compound Planning Inc. boosted its position in Interactive Brokers Group by 1.1% in the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock valued at $958,000 after buying an additional 62 shares during the last quarter. CWM LLC boosted its position in Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock valued at $176,000 after buying an additional 66 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in Interactive Brokers Group by 0.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider’s stock valued at $1,410,000 after buying an additional 70 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.