Analysts Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Price Target at $143.00

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) has been given an average rating of "Moderate Buy" by the nine brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $143.00.

IBKR has been the topic of several research reports. Barclays lowered their target price on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Piper Sandler reiterated an "overweight" rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. UBS Group boosted their price objective 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. Jefferies Financial Group boosted their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Finally, Keefe, Bruyette & Woods cut Interactive Brokers Group from an "outperform" rating to a "market perform" rating and boosted their target price for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th.

Hedge Funds Weigh In On Interactive Brokers Group

A number of hedge funds and other institutional investors have recently modified their holdings of IBKR. Greenwich Wealth Management LLC lifted its stake in shares of Interactive Brokers Group by 0.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider's stock valued at $365,271,000 after acquiring an additional 8,038 shares during the last quarter. Bares Capital Management Inc. lifted its stake in shares of Interactive Brokers Group by 10.4% in the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider's stock valued at $313,920,000 after purchasing an additional 264,543 shares during the period. Marshall Wace LLP lifted its stake in shares of Interactive Brokers Group by 23.8% in the 2nd 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 during the period. Millennium Management LLC increased its position in Interactive Brokers Group by 1,292.1% during the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider's stock valued at $132,655,000 after buying an additional 1,004,289 shares in the last quarter. Finally, Bamco Inc. NY increased its position in Interactive Brokers Group by 3.7% during the 1st quarter. Bamco Inc. NY now owns 764,968 shares of the financial services provider's stock valued at $85,455,000 after buying an additional 27,434 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Up 2.6 %

Interactive Brokers Group stock traded up $3.82 during mid-day trading on Monday, reaching $150.99. 653,956 shares of the company's stock were exchanged, compared to its average volume of 1,005,234. The business's fifty day simple moving average is $136.28 and its 200 day simple moving average is $126.00. The firm has a market capitalization of $63.58 billion, a PE ratio of 25.81, a P/E/G ratio of 1.15 and a beta of 0.80. Interactive Brokers Group has a one year low of $72.60 and a one year high of $154.75.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. During the same quarter last year, the business posted $1.55 earnings per share. On average, sell-side analysts forecast that Interactive Brokers Group will post 6.89 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group's payout ratio is currently 17.09%.

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.