Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Has Average Target Price of $102.87 According to Brokerages

Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Free Report) has been given a consensus rating of “Moderate Buy” by the eighteen ratings firms that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $102.87.

IBKR has been the subject of several research reports. BMO Capital Markets reissued an “outperform” rating and set a $100.00 price objective (down from $105.00) on shares of Interactive Brokers Group in a research note on Friday, October 16th. Raymond James Financial started coverage on shares of Interactive Brokers Group in a research note on Wednesday, August 26th. They set a “market perform” rating on the stock. Piper Sandler set a $109.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Evercore began coverage on shares of Interactive Brokers Group in a research note on Monday, October 12th. They set an “outperform” rating and a $100.00 target price for the company. Finally, Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 24th.

Check Out Our Latest Research Report on Interactive Brokers Group

Interactive Brokers Group Stock Up 2.1%

Shares of IBKR opened at $82.25 on Friday. Interactive Brokers Group has a 52-week low of $58.95 and a 52-week high of $98.75. The company has a market capitalization of $139.94 billion, a PE ratio of 31.63 and a beta of 1.37. The company has a 50-day simple moving average of $88.97 and a 200-day simple moving average of $82.72.

Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue was up 15.6% on a year-over-year basis. On average, research analysts anticipate that Interactive Brokers Group will post 2.69 EPS for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Tuesday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s payout ratio is presently 23.08%.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nykredit A S acquired a new stake in shares of Interactive Brokers Group in the 2nd quarter valued at $15,348,000. Engineers Gate Manager LP grew its holdings in Interactive Brokers Group by 831.3% during the 2nd quarter. Engineers Gate Manager LP now owns 108,359 shares of the financial services provider’s stock worth $9,432,000 after acquiring an additional 96,724 shares during the period. TD Waterhouse Canada Inc. increased its holdings in Interactive Brokers Group by 79.4% in the second quarter. TD Waterhouse Canada Inc. now owns 516,646 shares of the financial services provider’s stock valued at $48,185,000 after purchasing an additional 228,716 shares during the last quarter. AXQ Capital LP increased its stake in shares of Interactive Brokers Group by 69.6% in the 2nd quarter. AXQ Capital LP now owns 45,065 shares of the financial services provider’s stock valued at $3,922,000 after acquiring an additional 18,499 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Interactive Brokers Group by 30.1% during the first quarter. Cetera Investment Advisers now owns 209,311 shares of the financial services provider’s stock worth $14,038,000 after purchasing an additional 48,443 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Company Profile

(Get Free Report)

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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Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

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