Interactive Brokers Group (NASDAQ:IBKR) Reaches New 52-Week High - Here's Why

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $155.13 and last traded at $154.85, with a volume of 39858 shares trading hands. The stock had previously closed at $153.78.

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays dropped their target price on shares of Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an "outperform" rating to a "market perform" rating and boosted their target price for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Piper Sandler reaffirmed an "overweight" rating and set a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. UBS Group boosted their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, October 4th. One equities 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, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $143.00.

Interactive Brokers Group Stock Performance

The firm has a market capitalization of $64.82 billion, a PE ratio of 23.50, a PEG ratio of 1.18 and a beta of 0.79. The company has a fifty day moving average price of $138.72 and a 200-day moving average price of $127.25.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the company posted $1.55 EPS. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.65%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's dividend payout ratio is currently 15.27%.

Institutional Trading of Interactive Brokers Group

Institutional investors have recently bought and sold shares of the business. Tortoise Investment Management LLC grew its holdings in Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider's stock valued at $31,000 after buying an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in shares of Interactive Brokers Group in the 2nd quarter valued at about $32,000. UMB Bank n.a. increased its holdings in shares of Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 224 shares during the last quarter. DT Investment Partners LLC grew its stake in Interactive Brokers Group by 60.1% during the 3rd quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider's stock worth $54,000 after buying an additional 146 shares during the last quarter. Finally, Mendota Financial Group LLC purchased a new position in Interactive Brokers Group during the 3rd quarter worth approximately $81,000. 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.