Barclays Cuts Interactive Brokers Group (NASDAQ:IBKR) Price Target to $188.00

Interactive Brokers Group (NASDAQ:IBKR - Free Report) had its price objective lowered by Barclays from $231.00 to $188.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider's stock.

Several other equities research analysts also recently commented on the stock. StockNews.com downgraded shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. UBS Group lifted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Citigroup cut their price objective on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Piper Sandler reiterated an "overweight" rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $195.88.

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Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR traded up $7.04 during trading on Monday, hitting $171.35. 2,479,105 shares of the company traded hands, compared to its average volume of 1,316,119. The firm has a market capitalization of $72.41 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 1.59 and a beta of 1.02. The business's fifty day moving average is $190.12 and its 200 day moving average is $180.66. Interactive Brokers Group has a fifty-two week low of $103.69 and a fifty-two week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Interactive Brokers Group's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. On average, analysts predict that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.58%. Interactive Brokers Group's payout ratio is 14.16%.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares of the company's stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.99% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IBKR. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group during the 4th quarter valued at $25,000. SRH Advisors LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth about $28,000. Versant Capital Management Inc boosted its stake in Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after purchasing an additional 71 shares in the last quarter. Blue Trust Inc. raised its holdings in Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after buying an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.