Interactive Brokers Group, Inc. (NASDAQ:IBKR) Given Consensus Rating of "Moderate Buy" by Brokerages

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $166.13.

Several equities analysts have recently weighed in on IBKR shares. Barclays lifted their target price on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Jefferies Financial Group raised their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, October 4th. UBS Group boosted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. The Goldman Sachs Group raised their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Finally, Piper Sandler reiterated an "overweight" rating and set a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th.

Institutional Investors Weigh In On Interactive Brokers Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Townsquare Capital LLC raised its position in shares of Interactive Brokers Group by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider's stock valued at $760,000 after buying an additional 67 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Interactive Brokers Group by 0.3% during the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider's stock valued at $2,759,000 after purchasing an additional 69 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its stake in shares of Interactive Brokers Group by 3.7% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider's stock worth $383,000 after purchasing an additional 97 shares during the last quarter. Boston Financial Mangement LLC lifted its position in Interactive Brokers Group by 5.4% during the third quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider's stock valued at $272,000 after acquiring an additional 100 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in shares of Interactive Brokers Group by 5.6% during the third quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider's stock valued at $280,000 after acquiring an additional 107 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

Shares of IBKR stock traded down $1.30 on Tuesday, hitting $178.90. The company had a trading volume of 1,129,281 shares, compared to its average volume of 1,019,790. Interactive Brokers Group has a twelve month low of $80.00 and a twelve month high of $193.42. The firm has a market cap of $75.59 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.42 and a beta of 0.85. The stock's 50-day moving average is $170.04 and its two-hundred day moving average is $140.85.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same period last year, the company posted $1.55 EPS. Equities research analysts predict that Interactive Brokers Group will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group's payout ratio is 15.27%.

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.