Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been assigned a consensus rating of “Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $55.67.
Several research firms have issued reports on IBKR. Zacks Investment Research lowered Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Thursday. TheStreet lowered Interactive Brokers Group from a “b” rating to a “c+” rating in a research note on Monday, April 2nd. Gabelli reiterated a “buy” rating on shares of Interactive Brokers Group in a research note on Tuesday, April 3rd. BidaskClub upgraded Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Finally, Goldman Sachs reiterated a “sell” rating and issued a $64.00 target price (up previously from $61.00) on shares of Interactive Brokers Group in a research note on Friday, February 23rd.
IBKR traded down $1.59 on Thursday, hitting $69.11. The company had a trading volume of 707,059 shares, compared to its average volume of 619,819. Interactive Brokers Group has a 12-month low of $33.01 and a 12-month high of $74.11. The firm has a market capitalization of $28,453.14, a PE ratio of 45.17, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Thursday, March 1st were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.58%. Interactive Brokers Group’s payout ratio is 26.14%.
In other news, Vice Chairman Earl H. Nemser sold 32,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $62.80, for a total transaction of $2,009,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.98% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. Miura Global Management LLC purchased a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $34,046,000. Abrams Bison Investments LLC purchased a new stake in Interactive Brokers Group in the third quarter valued at approximately $9,864,000. Millennium Management LLC purchased a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $9,214,000. JPMorgan Chase & Co. boosted its position in Interactive Brokers Group by 228.7% in the third quarter. JPMorgan Chase & Co. now owns 201,639 shares of the financial services provider’s stock valued at $9,039,000 after buying an additional 140,292 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Interactive Brokers Group by 3,921.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 119,277 shares of the financial services provider’s stock valued at $7,062,000 after buying an additional 116,311 shares during the last quarter. Institutional investors and hedge funds own 15.90% of the company’s stock.
About Interactive Brokers Group
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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