Interactive Brokers Group (NASDAQ:IBKR) Given New $85.00 Price Target at Barclays

Interactive Brokers Group (NASDAQ:IBKR) had its target price boosted by Barclays from $83.00 to $85.00 in a report released on Wednesday,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

A number of other brokerages have also recently weighed in on IBKR. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research report on Wednesday. They issued a “market perform” rating and a $75.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Jefferies Financial Group dropped their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday. BMO Capital Markets raised their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.97.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $72.31 on Wednesday. The stock has a fifty day moving average price of $70.59 and a two-hundred day moving average price of $68.92. The stock has a market capitalization of $122.66 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 1.90 and a beta of 1.25. Interactive Brokers Group has a 1 year low of $36.22 and a 1 year high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.Interactive Brokers Group’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, analysts predict that Interactive Brokers Group will post 7.46 EPS 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 given a $0.08 dividend. The ex-dividend date was Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 400,000 shares of company stock worth $30,725,122 over the last quarter. 2.80% of the stock is owned by company insiders.

Institutional Trading of Interactive Brokers Group

A number of large investors have recently made changes to their positions in IBKR. State Street Corp boosted its stake in shares of Interactive Brokers Group by 301.3% during the second quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock valued at $838,410,000 after acquiring an additional 11,360,260 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Interactive Brokers Group by 26.4% during the third quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock valued at $3,637,234,000 after acquiring an additional 11,048,679 shares during the last quarter. Norges Bank acquired a new stake in shares of Interactive Brokers Group during the fourth quarter valued at $453,146,000. Orbis Allan Gray Ltd boosted its stake in shares of Interactive Brokers Group by 178.8% during the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after acquiring an additional 6,246,715 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Interactive Brokers Group by 225.4% during the second quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock valued at $420,834,000 after acquiring an additional 5,260,923 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

About Interactive Brokers Group

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.