BMO Capital Markets Cuts Interactive Brokers Group (NASDAQ:IBKR) Price Target to $105.00

Interactive Brokers Group (NASDAQ:IBKR – Free Report) had its target price trimmed by BMO Capital Markets from $110.00 to $105.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the company. UBS Group cut Interactive Brokers Group from a “buy” rating to a “neutral” rating and increased their price target for the stock from $50.00 to $102.00 in a research note on Tuesday, September 1st. Barclays set a $114.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Piper Sandler set a $109.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, July 22nd. Raymond James Financial assumed coverage on shares of Interactive Brokers Group in a research note on Wednesday, August 26th. They set a “market perform” rating on the stock. Finally, Keefe, Bruyette & Woods restated a “market perform” rating on shares of Interactive Brokers Group in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $99.92.

Check Out Our Latest Report on Interactive Brokers Group

Interactive Brokers Group Trading Down 1.4%

IBKR opened at $86.47 on Tuesday. The business’s 50 day moving average is $90.54 and its 200-day moving average is $86.45. The stock has a market cap of $147.12 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37. Interactive Brokers Group has a twelve month low of $58.95 and a twelve month high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.80 billion. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. As a group, analysts forecast that Interactive Brokers Group will post 2.69 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st were paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 1st. Interactive Brokers Group’s payout ratio is currently 14.00%.

Institutional Trading of Interactive Brokers Group

Several institutional investors have recently modified their holdings of IBKR. GAMMA Investing LLC grew its holdings in Interactive Brokers Group by 7.4% during the third quarter. GAMMA Investing LLC now owns 15,465 shares of the financial services provider’s stock worth $1,321,000 after acquiring an additional 1,069 shares during the period. Farther Finance Advisors LLC raised its position in Interactive Brokers Group by 14.0% in the third quarter. Farther Finance Advisors LLC now owns 12,045 shares of the financial services provider’s stock worth $1,029,000 after acquiring an additional 1,483 shares in the last quarter. Westwind Capital acquired a new stake in Interactive Brokers Group in the 3rd quarter valued at about $1,494,000. CoreCap Advisors LLC lifted its holdings in Interactive Brokers Group by 62.2% in the 3rd quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 201 shares during the last quarter. Finally, Everhart Financial Group Inc. lifted its holdings in Interactive Brokers Group by 3.8% in the 3rd quarter. Everhart Financial Group Inc. now owns 5,167 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 191 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

About Interactive Brokers Group

(Get Free Report)

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.

Further Reading

Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

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