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

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $204.13.

IBKR has been the topic of several research reports. Barclays boosted their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Piper Sandler reiterated an "overweight" rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research note on Monday, January 13th. Citigroup boosted their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Finally, The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the firm's stock in a transaction on Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly owns 2,476 shares of the company's stock, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.21% of the company's stock.

Hedge Funds Weigh In On Interactive Brokers Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. S&CO Inc. boosted its holdings in shares of Interactive Brokers Group by 3.3% in the 4th quarter. S&CO Inc. now owns 15,875 shares of the financial services provider's stock worth $2,804,000 after purchasing an additional 500 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of Interactive Brokers Group by 75.9% in the 4th quarter. Tortoise Investment Management LLC now owns 510 shares of the financial services provider's stock worth $90,000 after purchasing an additional 220 shares in the last quarter. Independent Advisor Alliance purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth about $261,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Interactive Brokers Group by 24.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,989 shares of the financial services provider's stock worth $5,121,000 after purchasing an additional 5,739 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth about $2,216,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Shares of IBKR traded up $2.91 during mid-day trading on Wednesday, hitting $231.14. The stock had a trading volume of 2,005,227 shares, compared to its average volume of 1,813,609. The firm has a market cap of $97.66 billion, a P/E ratio of 32.74, a PEG ratio of 1.62 and a beta of 0.89. The business has a fifty day moving average price of $192.09 and a 200-day moving average price of $159.91. Interactive Brokers Group has a 52 week low of $94.45 and a 52 week high of $235.29.

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, beating the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business's revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. As a group, research analysts expect that Interactive Brokers Group will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Interactive Brokers Group's dividend payout ratio is currently 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.