Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $193.00 at Barclays

Interactive Brokers Group (NASDAQ:IBKR - Free Report) had its price objective hoisted by Barclays from $188.00 to $193.00 in a research report released on Wednesday morning, Marketbeat reports. Barclays currently has an overweight rating on the financial services provider's stock.

IBKR has been the subject of a number of other research reports. Citigroup lowered their price objective on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price target on shares of 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. UBS Group raised their price objective 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. Piper Sandler reduced their target price on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Bank of America decreased their price target on shares of Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $207.88.

Interactive Brokers Group Stock Performance

Shares of IBKR traded up $1.62 during mid-day trading on Wednesday, hitting $159.52. 2,278,383 shares of the company were exchanged, compared to its average volume of 1,346,069. The stock has a market cap of $67.41 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. Interactive Brokers Group has a 1-year low of $103.69 and a 1-year high of $236.53. The company has a 50 day moving average of $183.78 and a 200-day moving average of $181.29.

Interactive Brokers Group shares are set to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly issued shares will be issued to shareholders after the closing bell on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $1.88 EPS for the quarter, missing analysts' consensus estimates of $1.92 by ($0.04). Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Research analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.63%. Interactive Brokers Group's dividend payout ratio is currently 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 stock was acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares of the company's stock, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.99% of the company's stock.

Hedge Funds Weigh In On Interactive Brokers Group

Large investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd lifted its holdings in Interactive Brokers Group by 39.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 53 shares during the last quarter. KG&L Capital Management LLC raised its holdings in shares of Interactive Brokers Group by 2.5% in the 4th quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider's stock worth $428,000 after purchasing an additional 60 shares in the last quarter. Versant Capital Management Inc lifted its stake in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 71 shares during the last quarter. Quadrant Capital Group LLC grew its position in Interactive Brokers Group by 2.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider's stock worth $502,000 after buying an additional 73 shares during the last quarter. Finally, Lebenthal Global Advisors LLC increased its holdings in shares of Interactive Brokers Group by 1.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider's stock valued at $1,270,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

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.