Interactive Brokers Group (NASDAQ:IBKR) Trading Down 1.2%

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) fell 1.2% during trading on Friday . The company traded as low as $122.00 and last traded at $122.58. 207,972 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 1,022,777 shares. The stock had previously closed at $124.10.

Analysts Set New Price Targets

IBKR has been the topic of several recent research reports. UBS Group upped their price objective on Interactive Brokers Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, July 9th. Keefe, Bruyette & Woods cut Interactive Brokers Group from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Jefferies Financial Group upped their price objective on Interactive Brokers Group from $138.00 to $150.00 and gave the stock a "buy" rating in a report on Monday, July 8th. Finally, Barclays upped their price objective on Interactive Brokers Group from $145.00 to $147.00 and gave the stock an "overweight" rating in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $132.33.

Interactive Brokers Group Stock Performance

The company has a fifty day moving average of $120.57 and a two-hundred day moving average of $115.98. The company has a market cap of $51.96 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.07 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.74 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. Interactive Brokers Group's quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.32 EPS. On average, equities analysts forecast that Interactive Brokers Group, Inc. will post 6.76 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, August 30th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 17.09%.

Hedge Funds Weigh In On Interactive Brokers Group

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Interactive Brokers Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider's stock valued at $803,306,000 after buying an additional 123,226 shares during the period. Greenwich Wealth Management LLC increased its stake in shares of Interactive Brokers Group by 0.3% during the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider's stock valued at $365,271,000 after buying an additional 8,038 shares during the period. Bares Capital Management Inc. increased its stake in shares of Interactive Brokers Group by 10.4% during the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider's stock valued at $313,920,000 after buying an additional 264,543 shares during the period. Marshall Wace LLP grew its stake in 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 during the last quarter. Finally, Norges Bank purchased a new position in Interactive Brokers Group in the fourth quarter valued at about $97,476,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

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.