Interactive Brokers Group (NASDAQ:IBKR) Reaches New 52-Week High - What's Next?

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $235.86 and last traded at $232.46, with a volume of 187078 shares changing hands. The stock had previously closed at $230.20.

Analysts Set New Price Targets

A number of analysts have commented on IBKR shares. Keefe, Bruyette & Woods lifted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research report on Monday, January 13th. The Goldman Sachs Group upped 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. Barclays lifted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Citigroup upped their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, UBS Group boosted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.13.

Interactive Brokers Group Trading Down 0.3 %

The stock has a market cap of $98.92 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 1.62 and a beta of 0.89. The firm's 50-day moving average is $196.38 and its two-hundred day moving average is $164.09.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the company posted $1.52 earnings per share. The business's revenue was up 21.8% on a year-over-year basis. On average, analysts predict that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is 14.16%.

Insider Buying and Selling

In related news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.21% of the stock is currently owned by company insiders.

Institutional Trading of Interactive Brokers Group

A number of hedge funds and other institutional investors have recently modified their holdings of IBKR. ProShare Advisors LLC grew its holdings in shares of Interactive Brokers Group by 7.4% in the fourth quarter. ProShare Advisors LLC now owns 5,094 shares of the financial services provider's stock valued at $900,000 after purchasing an additional 350 shares during the period. Progeny 3 Inc. boosted its holdings in Interactive Brokers Group by 30.7% in the 4th quarter. Progeny 3 Inc. now owns 166,000 shares of the financial services provider's stock valued at $29,327,000 after purchasing an additional 39,000 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Interactive Brokers Group by 13.4% in the 4th quarter. Quantinno Capital Management LP now owns 3,591 shares of the financial services provider's stock valued at $634,000 after buying an additional 424 shares during the period. Malaga Cove Capital LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $212,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of Interactive Brokers Group during the 4th quarter valued at approximately $2,815,000. 23.80% of the stock is owned by institutional investors and hedge funds.

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.