Interactive Brokers Group (NASDAQ:IBKR) Now Covered by Evercore

Evercore started coverage on shares of Interactive Brokers Group (NASDAQ:IBKR) in a research note released on Monday, MarketBeat.com reports. The brokerage issued an outperform rating and a $100.00 target price on the financial services provider’s stock.

A number of other research firms have also issued reports on IBKR. UBS Group reiterated a “neutral” rating and issued a $101.00 target price (down from $102.00) on shares of Interactive Brokers Group in a research note on Wednesday, October 7th. Capital One Financial set a $105.00 price target on Interactive Brokers Group in a research report on Tuesday, October 6th. Barclays reissued an “overweight” rating and set a $115.00 price target (up from $114.00) on shares of Interactive Brokers Group in a research report on Wednesday, October 7th. China Renaissance began coverage on Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating and a $99.90 price target for the company. Finally, Bank of America reaffirmed a “buy” rating and issued a $116.00 price objective (up from $114.00) on shares of Interactive Brokers Group in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $103.18.

Interactive Brokers Group Trading Up 0.0%

Shares of NASDAQ IBKR opened at $87.89 on Monday. The stock has a fifty day moving average price of $90.54 and a 200 day moving average price of $86.74. Interactive Brokers Group has a 12-month low of $58.95 and a 12-month high of $98.75. The company has a market cap of $149.54 billion, a P/E ratio of 35.16, a P/E/G ratio of 1.56 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. On average, sell-side analysts forecast that Interactive Brokers Group will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.0875 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.00%.

Institutional Trading of Interactive Brokers Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Reflection Asset Management acquired a new stake in Interactive Brokers Group during the 4th quarter valued at approximately $26,000. Tobam purchased a new stake in Interactive Brokers Group during the 4th quarter worth approximately $30,000. SHP Wealth Management purchased a new stake in Interactive Brokers Group during the 4th quarter worth approximately $31,000. Wealth Enhancement Trust Services Inc. increased its holdings in Interactive Brokers Group by 1,217.2% during the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 382 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 353 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Interactive Brokers Group by 584.6% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 534 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 456 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 is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.