Brokerages Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Price Target at $204.13

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $204.13.

Several analysts have commented on IBKR shares. Piper Sandler restated an "overweight" rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Citigroup upped their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Keefe, Bruyette & Woods boosted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Monday, January 13th. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Finally, UBS Group lifted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th.

Insider Buying and Selling

In related news, Director Jill Bright purchased 135 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.99% of the stock is owned by insiders.

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Institutional Investors Weigh In On Interactive Brokers Group

Institutional investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $25,000. SRH Advisors LLC acquired a new position in Interactive Brokers Group in the 4th quarter valued at $28,000. Versant Capital Management Inc increased its position in Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after buying an additional 71 shares during the period. Blue Trust Inc. lifted its holdings in shares of Interactive Brokers Group by 90.7% during 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 in the last quarter. Finally, Rialto Wealth Management LLC bought a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $33,000. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Trading Down 2.5 %

Shares of IBKR stock traded down $4.28 on Thursday, hitting $164.72. The stock had a trading volume of 2,372,708 shares, compared to its average volume of 1,235,632. Interactive Brokers Group has a twelve month low of $103.69 and a twelve month high of $236.53. The company has a fifty day moving average price of $201.93 and a two-hundred day moving average price of $178.85. The firm has a market cap of $69.61 billion, a P/E ratio of 23.33, a PEG ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion during 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%. The company's revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 earnings per share. On average, analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Interactive Brokers Group's payout ratio is 14.16%.

About Interactive Brokers Group

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.