Interactive Brokers Group, Inc. (NASDAQ:IBKR) Given Consensus Recommendation of “Buy” by Analysts
Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Free Report) have received a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $110.38.
IBKR has been the topic of several research reports. Redburn Atlantic initiated coverage on Interactive Brokers Group in a research note on Friday, December 1st. They issued a “buy” rating and a $100.00 target price on the stock. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. Finally, UBS Group lowered their price target on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research report on Tuesday, January 9th.
Check Out Our Latest Stock Report on Interactive Brokers Group
Insider Buying and Selling
In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following the transaction, the insider now owns 113,770 shares in the company, valued at approximately $11,929,922.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following the completion of the transaction, the insider now directly owns 113,770 shares in the company, valued at $11,929,922.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the transaction, the insider now directly owns 234,552 shares in the company, valued at $22,585,012.08. The disclosure for this sale can be found here. Insiders sold 520,027 shares of company stock worth $48,369,714 in the last quarter. 3.21% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group during the fourth quarter worth $25,000. Rakuten Securities Inc. bought a new position in Interactive Brokers Group during the fourth quarter valued at $34,000. Headlands Technologies LLC bought a new stake in Interactive Brokers Group in the third quarter worth about $40,000. Principal Securities Inc. purchased a new stake in Interactive Brokers Group in the fourth quarter worth $40,000. Finally, Atlas Capital Advisors LLC purchased a new stake in Interactive Brokers Group in the 1st quarter valued at about $40,000. 21.56% of the stock is owned by hedge funds and other institutional investors.
Interactive Brokers Group Trading Down 0.4 %
Shares of IBKR stock opened at $107.44 on Friday. Interactive Brokers Group has a 12 month low of $70.83 and a 12 month high of $112.50. The firm has a market capitalization of $45.24 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.00 and a beta of 0.83. The firm has a fifty day simple moving average of $98.74 and a two-hundred day simple moving average of $89.35.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts predict that Interactive Brokers Group will post 6.07 earnings per share for the current fiscal year.
Interactive Brokers Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, March 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Thursday, February 29th. Interactive Brokers Group’s payout ratio is 7.07%.
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.
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