Piper Sandler Has Lowered Expectations for Interactive Brokers Group (NASDAQ:IBKR) Stock Price

Interactive Brokers Group (NASDAQ:IBKR - Free Report) had its price target cut by Piper Sandler from $210.00 to $192.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the financial services provider's stock.

Several other research analysts have also recently issued reports on IBKR. Keefe, Bruyette & Woods increased their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a report on Monday, January 13th. Barclays reduced their target price on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. StockNews.com cut Interactive Brokers Group from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. UBS Group lifted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Citigroup decreased their target price on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Interactive Brokers Group has an average rating of "Moderate Buy" and a consensus price target of $195.88.

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Interactive Brokers Group Stock Up 4.3 %

Shares of Interactive Brokers Group stock traded up $7.04 during mid-day trading on Tuesday, hitting $171.35. The stock had a trading volume of 2,479,105 shares, compared to its average volume of 1,316,119. Interactive Brokers Group has a 12-month low of $103.69 and a 12-month high of $236.53. The firm has a 50-day moving average of $190.12 and a two-hundred day moving average of $180.66. The firm has a market cap of $72.41 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Sell-side analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. Interactive Brokers Group's dividend payout ratio is 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.99% of the company's stock.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group in the 4th quarter valued at $25,000. SRH Advisors LLC acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $28,000. Versant Capital Management Inc boosted its holdings in shares of Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. boosted its holdings in Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after acquiring an additional 88 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in Interactive Brokers Group by 39.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 53 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.