Keefe, Bruyette & Woods Issues Positive Forecast for Interactive Brokers Group (NASDAQ:IBKR) Stock Price

Interactive Brokers Group (NASDAQ:IBKR - Free Report) had its price objective lifted by Keefe, Bruyette & Woods from $152.00 to $190.00 in a research report report published on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider's stock.

Other equities analysts have also issued reports about the stock. Barclays increased their price objective on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the company an "overweight" rating in a report on Monday, December 9th. UBS Group increased their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. The Goldman Sachs Group raised their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Piper Sandler reiterated an "overweight" rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Finally, Jefferies Financial Group raised their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Interactive Brokers Group currently has an average rating of "Moderate Buy" and a consensus price target of $173.00.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR traded up $2.13 during trading on Friday, reaching $175.92. The stock had a trading volume of 2,864,026 shares, compared to its average volume of 1,026,536. The stock has a market capitalization of $74.33 billion, a PE ratio of 26.86, a P/E/G ratio of 1.42 and a beta of 0.85. Interactive Brokers Group has a 52 week low of $80.92 and a 52 week high of $193.42. The business's 50-day moving average price is $171.03 and its 200 day moving average price is $141.31.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm posted $1.55 EPS. Analysts forecast that Interactive Brokers Group will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 15.27%.

Hedge Funds Weigh In On Interactive Brokers Group

Several institutional investors have recently modified their holdings of the business. Millennium Management LLC boosted its stake in Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider's stock worth $132,655,000 after purchasing an additional 1,004,289 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Interactive Brokers Group in the third quarter valued at about $83,630,000. Marshall Wace LLP lifted its holdings 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 purchasing an additional 481,826 shares in the last quarter. Waverton Investment Management Ltd acquired a new position in shares of Interactive Brokers Group during the third quarter worth about $26,946,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider's stock worth $36,004,000 after buying an additional 187,010 shares in the last quarter. Institutional investors 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.