Interactive Brokers Group (NASDAQ:IBKR) Hits New 52-Week High on Analyst Upgrade

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report)'s stock price hit a new 52-week high on Monday after Jefferies Financial Group raised their price target on the stock from $152.00 to $165.00. Jefferies Financial Group currently has a buy rating on the stock. Interactive Brokers Group traded as high as $148.80 and last traded at $148.80, with a volume of 3317 shares changing hands. The stock had previously closed at $147.85.

IBKR has been the subject of a number of other research reports. Barclays upped their price objective on Interactive Brokers Group from $145.00 to $147.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. Finally, UBS Group lifted their price objective on shares of Interactive Brokers Group from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, September 9th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of "Moderate Buy" and a consensus target price of $135.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IBKR. SG Americas Securities LLC raised its stake in Interactive Brokers Group by 172.1% during the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider's stock valued at $1,528,000 after purchasing an additional 7,884 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Interactive Brokers Group by 122.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider's stock valued at $78,855,000 after acquiring an additional 524,503 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Interactive Brokers Group in the first quarter worth about $796,000. Janus Henderson Group PLC grew its position in Interactive Brokers Group by 9.9% in the first quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider's stock worth $12,173,000 after acquiring an additional 9,858 shares in the last quarter. Finally, Norden Group LLC increased its stake in Interactive Brokers Group by 1,272.1% during the first quarter. Norden Group LLC now owns 104,400 shares of the financial services provider's stock worth $11,662,000 after acquiring an additional 96,791 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Price Performance

The firm has a market capitalization of $62.62 billion, a PE ratio of 25.27, a P/E/G ratio of 1.21 and a beta of 0.80. The business has a 50-day simple moving average of $125.94 and a 200-day simple moving average of $121.79.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.02. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the company earned $1.32 earnings per share. Interactive Brokers Group's revenue was up 21.2% on a year-over-year basis. On average, research analysts expect that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.67%. Interactive Brokers Group's dividend payout ratio is presently 17.09%.

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.