Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $93.8889.
A number of research analysts have issued reports on the company. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research note on Friday, May 1st. BMO Capital Markets increased their price target on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Barclays lifted their price objective on shares of Interactive Brokers Group from $93.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Bank of America increased their target price on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, China Renaissance started coverage on shares of Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating on the stock.
Check Out Our Latest Stock Report on Interactive Brokers Group
Interactive Brokers Group Stock Up 3.0%
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.During the same period last year, the business posted $0.51 earnings per share. On average, research analysts expect that Interactive Brokers Group will post 2.55 earnings per share for the current year.
Interactive Brokers Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.09%.
Insider Activity
In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the sale, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Interactive Brokers Group
Large investors have recently added to or reduced their stakes in the company. Reflection Asset Management bought a new stake in Interactive Brokers Group in the 4th quarter valued at about $26,000. IMA Advisory Services Inc. boosted its position in 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 purchasing an additional 178 shares during the period. Tobam purchased a new position in shares of Interactive Brokers Group in the fourth quarter worth about $30,000. Entrust Financial LLC purchased a new position in shares of Interactive Brokers Group in the fourth quarter worth about $31,000. Finally, SHP Wealth Management bought a new stake in shares of 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.
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.
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