Interactive Brokers Group (NASDAQ:IBKR) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Interactive Brokers Group (NASDAQ:IBKR) in a research note issued to investors on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $102.00 price target on the financial services provider’s stock.

Several other equities research analysts have also recently weighed in on IBKR. Evercore began coverage on shares of Interactive Brokers Group in a research report on Monday. They issued an “outperform” rating and a $100.00 price objective for the company. Piper Sandler set a $109.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $111.00 target price on shares of Interactive Brokers Group in a research report on Thursday, October 1st. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 24th. Finally, Bank of America reissued a “buy” rating and set a $116.00 price target (up from $114.00) on shares of Interactive Brokers Group in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $103.18.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $84.14 on Monday. The business has a fifty day moving average of $90.43 and a 200-day moving average of $87.00. Interactive Brokers Group has a twelve month low of $58.95 and a twelve month high of $98.75. The firm has a market cap of $143.16 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37.

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

Interactive Brokers Group Dividend Announcement

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

Hedge Funds Weigh In On Interactive Brokers Group

Hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. grew its stake in Interactive Brokers Group by 70.4% in the third quarter. Mather Group LLC. now owns 656 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 271 shares during the period. Fairfield Financial Advisors LTD increased its holdings in shares of Interactive Brokers Group by 14.9% in the third quarter. Fairfield Financial Advisors LTD now owns 31,786 shares of the financial services provider’s stock worth $2,715,000 after acquiring an additional 4,121 shares in the last quarter. ABLE Financial Group LLC increased its holdings in shares of Interactive Brokers Group by 17.6% in the third quarter. ABLE Financial Group LLC now owns 7,621 shares of the financial services provider’s stock worth $651,000 after acquiring an additional 1,141 shares in the last quarter. Signal Advisors Wealth LLC acquired a new stake in shares of Interactive Brokers Group during the third quarter worth about $490,000. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of Interactive Brokers Group by 416.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 14,442 shares of the financial services provider’s stock worth $1,234,000 after purchasing an additional 11,643 shares during the period. Institutional investors own 23.80% of the company’s stock.

More Interactive Brokers Group News

Here are the key news stories impacting Interactive Brokers Group this week:

• Positive Sentiment: Analysts expect IBKR’s third-quarter results to benefit from robust customer trading, higher net interest income and continued client growth. However, rising operating expenses could limit earnings leverage. Increased Trading Activity, Higher NII Likely to Aid IBKR Q3 Earnings
• Positive Sentiment: The upcoming earnings report could exceed expectations if unusually active summer-market trading was not fully reflected in forecasts, providing a possible near-term upside catalyst. Interactive Brokers Group’s Next Earnings Report Tomorrow Could Send the Stock Soaring
• Positive Sentiment: IBKR launched cryptocurrency staking for eligible clients, expanding its digital-asset offering. The service, along with AI-enabled tools and global reach, could improve customer engagement and create additional revenue opportunities. Interactive Brokers Group Launches Cryptocurrency Staking
• Positive Sentiment: Evercore initiated coverage with an “outperform” rating and a $100 price target, implying meaningful upside from the referenced share price. IBKR was also included among fintech stocks positioned to benefit from digital payments, AI and expanding financial services. Evercore Initiates Coverage on Interactive Brokers Group
• Negative Sentiment: Investors may remain cautious because operating costs are increasing and the stock’s valuation leaves less room for disappointment. The recent pullback likely reflects elevated expectations ahead of earnings, despite broadly bullish analyst commentary.

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.