Keefe, Bruyette & Woods Raises Interactive Brokers Group (NASDAQ:IBKR) Price Target to $195.00

Interactive Brokers Group (NASDAQ:IBKR - Free Report) had its price objective upped by Keefe, Bruyette & Woods from $190.00 to $195.00 in a report published on Monday,Benzinga reports. The firm currently has a market perform rating on the financial services provider's stock.

Other equities analysts have also issued reports about the stock. UBS Group raised their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Piper Sandler boosted their price objective on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Jefferies Financial Group upped their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Citigroup lifted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a research note on Friday. Finally, Barclays raised their price target on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the company an "overweight" rating in a research note on Monday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of "Moderate Buy" and a consensus target price of $190.13.

Interactive Brokers Group Stock Down 1.1 %

Shares of IBKR traded down $1.95 during mid-day trading on Monday, hitting $183.26. 1,325,792 shares of the company's stock were exchanged, compared to its average volume of 1,252,684. Interactive Brokers Group has a 52 week low of $83.86 and a 52 week high of $193.42. The stock's 50-day simple moving average is $181.34 and its 200-day simple moving average is $148.36. The firm has a market cap of $77.43 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm earned $1.55 earnings per share. Analysts forecast that Interactive Brokers Group will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group's dividend payout ratio is currently 15.27%.

Hedge Funds Weigh In On Interactive Brokers Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Interactive Brokers Group by 1.0% during the 2nd quarter. American Century Companies Inc. now owns 95,230 shares of the financial services provider's stock worth $11,675,000 after buying an additional 983 shares during the period. Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group in the second quarter worth $32,000. Greenwich Wealth Management LLC increased its stake in Interactive Brokers Group by 0.3% in the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider's stock valued at $365,271,000 after purchasing an additional 8,038 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Interactive Brokers Group by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 301,688 shares of the financial services provider's stock valued at $36,988,000 after purchasing an additional 27,621 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Interactive Brokers Group during the 2nd quarter worth about $1,915,000. Institutional investors and hedge funds 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.