Piper Sandler Raises Interactive Brokers Group (NASDAQ:IBKR) Price Target to $200.00

Interactive Brokers Group (NASDAQ:IBKR - Free Report) had its price target upped by Piper Sandler from $163.00 to $200.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider's stock.

IBKR has been the subject of several other reports. The Goldman Sachs Group upped their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Jefferies Financial Group increased their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Barclays raised their price target on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. Finally, UBS Group raised their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $177.63.

Interactive Brokers Group Stock Up 0.6 %

Shares of IBKR traded up $1.10 during mid-day trading on Tuesday, hitting $191.17. The company had a trading volume of 1,759,921 shares, compared to its average volume of 1,294,962. Interactive Brokers Group has a 1-year low of $83.86 and a 1-year high of $193.42. The business's 50-day simple moving average is $179.21 and its 200-day simple moving average is $146.95. The stock has a market cap of $80.77 billion, a PE ratio of 29.19, a P/E/G ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same quarter last year, the business earned $1.55 EPS. On average, sell-side analysts expect that Interactive Brokers Group will post 6.82 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, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group's payout ratio is 15.27%.

Hedge Funds Weigh In On Interactive Brokers Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aurora Investment Counsel acquired a new position in shares of Interactive Brokers Group in the third quarter worth about $1,693,000. Versor Investments LP acquired a new position in shares of Interactive Brokers Group in the 3rd quarter valued at approximately $474,000. Waverton Investment Management Ltd purchased a new position in shares of Interactive Brokers Group during the 3rd quarter valued at approximately $26,946,000. DRW Securities LLC bought a new stake in shares of Interactive Brokers Group in the third quarter worth $2,977,000. Finally, Geode Capital Management LLC raised its holdings in Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider's stock valued at $287,921,000 after acquiring an additional 106,392 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

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.