Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Has Consensus Target Price of $102.87

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $102.87.

A number of research firms have issued reports on IBKR. Capital One Financial set a $105.00 target price on Interactive Brokers Group in a research report on Tuesday, October 6th. Piper Sandler set a $109.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Interactive Brokers Group in a report on Wednesday, September 2nd. The Goldman Sachs Group restated a “buy” rating and issued a $111.00 price target on shares of Interactive Brokers Group in a research note on Thursday, October 1st. Finally, Wells Fargo & Company initiated coverage on shares of Interactive Brokers Group in a report on Friday, October 2nd. They set an “overweight” rating and a $102.00 price target on the stock.

Institutional Trading of Interactive Brokers Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower View Wealth Management LLC increased its holdings in Interactive Brokers Group by 5,005.0% in the 3rd quarter. Tower View Wealth Management LLC now owns 2,042 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 2,002 shares in the last quarter. Hedeker Wealth LLC increased its stake in shares of Interactive Brokers Group by 0.8% in the third quarter. Hedeker Wealth LLC now owns 54,211 shares of the financial services provider’s stock valued at $4,631,000 after buying an additional 426 shares during the period. Signaturefd LLC increased its stake in shares of Interactive Brokers Group by 6.7% in the third quarter. Signaturefd LLC now owns 5,283 shares of the financial services provider’s stock valued at $451,000 after buying an additional 332 shares during the period. Evergreen Capital Management LLC increased its stake in shares of Interactive Brokers Group by 1.4% in the third quarter. Evergreen Capital Management LLC now owns 17,927 shares of the financial services provider’s stock valued at $1,531,000 after buying an additional 255 shares during the period. Finally, Wedbush Securities Inc. raised its holdings in Interactive Brokers Group by 14.2% in the 3rd quarter. Wedbush Securities Inc. now owns 3,930 shares of the financial services provider’s stock valued at $336,000 after buying an additional 490 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $80.28 on Friday. Interactive Brokers Group has a fifty-two week low of $58.95 and a fifty-two week high of $98.75. The stock’s fifty day moving average price is $89.46 and its two-hundred day moving average price is $87.80. The company has a market cap of $136.59 billion, a PE ratio of 30.88, a P/E/G ratio of 1.31 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. Interactive Brokers Group had a return on equity of 5.38% and a net margin of 10.03%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm earned $0.57 EPS. Interactive Brokers Group’s revenue was up 15.6% on a year-over-year basis. On average, equities analysts predict that Interactive Brokers Group will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Tuesday, December 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s payout ratio is currently 13.46%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.