Interactive Brokers Group (NASDAQ:IBKR) Reaches New 1-Year High - Here's Why

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $181.55 and last traded at $181.55, with a volume of 10680 shares trading hands. The stock had previously closed at $180.21.

Analysts Set New Price Targets

Several analysts recently commented on the company. Piper Sandler reaffirmed an "overweight" rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Jefferies Financial Group boosted their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. UBS Group boosted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Finally, Barclays cut 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. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $143.00.

Interactive Brokers Group Stock Up 1.3 %

The firm has a market capitalization of $76.89 billion, a P/E ratio of 27.88, a P/E/G ratio of 1.41 and a beta of 0.79. The stock has a fifty day moving average of $148.86 and a 200-day moving average of $131.67.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). The company had revenue of $2.45 billion during 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 quarter in the prior year, the business earned $1.55 earnings per share. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Institutional Trading of Interactive Brokers Group

A number of hedge funds have recently made changes to their positions in IBKR. Millennium Management LLC lifted its position in shares of Interactive Brokers Group by 1,292.1% in the second 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 during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $83,630,000. Marshall Wace LLP lifted its position in shares of Interactive Brokers Group by 23.8% in the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider's stock valued at $307,365,000 after buying an additional 481,826 shares during the last quarter. Bares Capital Management Inc. lifted its position in shares of Interactive Brokers Group by 10.4% in the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider's stock valued at $313,920,000 after buying an additional 264,543 shares during the last quarter. Finally, Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group during the 3rd quarter worth approximately $26,946,000. 23.80% of the stock is owned by institutional investors and hedge funds.

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.