Interactive Brokers Group (NASDAQ:IBKR) Given New $132.00 Price Target at Barclays
Interactive Brokers Group (NASDAQ:IBKR – Free Report) had its target price lifted by Barclays from $117.00 to $132.00 in a report released on Monday morning, Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.
Several other equities research analysts have also recently issued reports on IBKR. UBS Group lowered their price objective on shares of Interactive Brokers Group from $108.00 to $104.00 and set a buy rating for the company in a research report on Tuesday, January 9th. The Goldman Sachs Group raised shares of Interactive Brokers Group from a neutral rating to a buy rating and upped their price target for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $112.88.
View Our Latest Research Report on Interactive Brokers Group
Interactive Brokers Group Stock Performance
IBKR opened at $114.37 on Monday. The stock has a market capitalization of $48.15 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.32 and a beta of 0.83. The company has a fifty day moving average of $105.69 and a 200 day moving average of $91.45. Interactive Brokers Group has a fifty-two week low of $70.83 and a fifty-two week high of $116.92.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates 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 previous year, the business earned $1.30 earnings per share. The business’s quarterly revenue was up 16.7% on a year-over-year basis. On average, equities research analysts forecast that Interactive Brokers Group will post 6.16 earnings per share for the current year.
Interactive Brokers Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. Interactive Brokers Group’s payout ratio is 7.07%.
Insider Activity at Interactive Brokers Group
In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the sale, the insider now owns 123,770 shares in the company, valued at approximately $12,813,908.10. The disclosure for this sale can be found here. Insiders sold 480,823 shares of company stock valued at $44,960,193 over the last 90 days. Insiders own 3.21% of the company’s stock.
Hedge Funds Weigh In On Interactive Brokers Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in shares of Interactive Brokers Group by 3.8% in the third quarter. AQR Capital Management LLC now owns 3,495 shares of the financial services provider’s stock worth $303,000 after buying an additional 129 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Interactive Brokers Group by 2.1% during the third quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock valued at $552,000 after acquiring an additional 133 shares during the last quarter. Toroso Investments LLC increased its position in shares of Interactive Brokers Group by 1.1% during the third quarter. Toroso Investments LLC now owns 11,702 shares of the financial services provider’s stock valued at $1,013,000 after acquiring an additional 133 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Interactive Brokers Group by 22.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 135 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Interactive Brokers Group by 4.1% in the third quarter. Captrust Financial Advisors now owns 3,449 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 135 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.
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.
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