Interactive Brokers Group (NASDAQ:IBKR) Sets New 52-Week High – Here’s What Happened

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $88.27 and last traded at $88.29, with a volume of 1305513 shares trading hands. The stock had previously closed at $85.12.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of analyst reports. Piper Sandler upped their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Barclays raised their price objective on Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods assumed coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price on the stock. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a research note on Friday, May 1st. Finally, BMO Capital Markets raised their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $83.25.

Read Our Latest Stock Analysis on Interactive Brokers Group

Interactive Brokers Group Trading Up 3.8%

The stock’s fifty day simple moving average is $73.16 and its 200 day simple moving average is $70.80. The company has a market cap of $149.83 billion, a price-to-earnings ratio of 38.08, a P/E/G ratio of 2.34 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 earnings per share. On average, analysts predict that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, June 1st will be paid a $0.0875 dividend. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 13.79%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the transaction, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

Several institutional investors and hedge funds have recently modified their holdings of IBKR. Murphy & Mullick Capital Management Corp acquired a new stake in Interactive Brokers Group in the 3rd quarter valued at about $27,000. Reflection Asset Management acquired a new position in shares of Interactive Brokers Group during the fourth quarter worth about $26,000. IMA Advisory Services Inc. increased its stake in shares of Interactive Brokers Group by 64.3% during the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after buying an additional 178 shares during the period. Tobam purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $30,000. Finally, Entrust Financial LLC acquired a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

(Get Free Report)

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.

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