Interactive Brokers Group (NASDAQ:IBKR) Reaches New 52-Week High – Here’s Why

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) reached a new 52-week high during trading on Wednesday . The stock traded as high as $79.71 and last traded at $78.4280, with a volume of 584330 shares. The stock had previously closed at $77.10.

Analyst Upgrades and Downgrades

IBKR has been the topic of several recent analyst reports. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Jefferies Financial Group reduced their price target on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. BMO Capital Markets raised their price target on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Barclays raised their price target on shares of Interactive Brokers Group from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.00.

Interactive Brokers Group Stock Performance

The firm has a market capitalization of $134.66 billion, a P/E ratio of 35.84, a PEG ratio of 2.21 and a beta of 1.25. The business’s fifty day moving average price is $70.79 and its two-hundred day moving average price is $69.34.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business earned $0.51 EPS. The company’s revenue was up 18.5% compared to the same quarter last year. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 400,000 shares of company stock valued at $30,725,122. 2.80% of the stock is currently owned by company insiders.

Institutional Trading of Interactive Brokers Group

Institutional investors have recently bought and sold shares of the stock. Reflection Asset Management acquired a new stake in Interactive Brokers Group in the 4th quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp acquired a new stake in Interactive Brokers Group in the 3rd quarter worth approximately $27,000. IMA Advisory Services Inc. boosted its stake in Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 178 shares in the last quarter. Tobam acquired a new stake in Interactive Brokers Group in the 4th quarter worth approximately $30,000. Finally, Entrust Financial LLC acquired a new stake in Interactive Brokers Group in the 4th quarter worth approximately $31,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.