Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $174.38 and last traded at $174.38, with a volume of 4426 shares traded. The stock had previously closed at $169.74.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on IBKR shares. Barclays dropped their target price on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Piper Sandler restated an "overweight" rating and set a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. UBS Group increased their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $143.00.
Check Out Our Latest Research Report on Interactive Brokers Group
Interactive Brokers Group Stock Performance
The company's fifty day moving average is $142.38 and its two-hundred day moving average is $129.02. The company has a market cap of $75.58 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 1.31 and a beta of 0.79.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. The business had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period last year, the business earned $1.55 EPS. On average, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 6.9 EPS for the current fiscal year.
Interactive Brokers Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. Interactive Brokers Group's payout ratio is 15.27%.
Institutional Investors Weigh In On Interactive Brokers Group
Hedge funds and other institutional investors have recently made changes to their positions in the company. Greenwich Wealth Management LLC boosted its holdings in Interactive Brokers Group by 0.3% during the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider's stock worth $365,271,000 after buying an additional 8,038 shares in the last quarter. Bares Capital Management Inc. boosted its stake in shares of Interactive Brokers Group by 10.4% during the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider's stock worth $313,920,000 after acquiring an additional 264,543 shares in the last quarter. Marshall Wace LLP boosted its position in Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider's stock worth $307,365,000 after purchasing an additional 481,826 shares in the last quarter. Millennium Management LLC lifted its position in shares of Interactive Brokers Group by 1,292.1% during the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider's stock valued at $132,655,000 after buying an additional 1,004,289 shares in the last quarter. Finally, Bronte Capital Management Pty Ltd. grew its stake in Interactive Brokers Group by 2.9% in the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 833,627 shares of the financial services provider's stock valued at $116,174,000 after acquiring an additional 23,828 shares during the period. Institutional investors and hedge funds own 23.80% of the company's stock.
About Interactive Brokers Group
(
Get Free Report)
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.
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