Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Free Report) has been assigned a consensus rating of “Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $113.60.
IBKR has been the subject of several research reports. Barclays increased their price target on shares of Interactive Brokers Group from $97.00 to $106.00 in a research note on Thursday, July 13th. Citigroup raised their price objective on shares of Interactive Brokers Group from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 19th. Bank of America raised their price objective on shares of Interactive Brokers Group from $138.00 to $141.00 and gave the company a “buy” rating in a research note on Wednesday, April 19th. Jefferies Financial Group raised their price objective on shares of Interactive Brokers Group from $104.00 to $106.00 in a research note on Monday, June 5th. Finally, Piper Sandler reduced their price objective on shares of Interactive Brokers Group from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, April 19th.
Institutional Trading of Interactive Brokers Group
Large investors have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its holdings in Interactive Brokers Group by 4.1% during 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. Alliance Wealth Advisors LLC UT lifted its holdings in Interactive Brokers Group by 2.5% during the first quarter. Alliance Wealth Advisors LLC UT now owns 5,657 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 139 shares in the last quarter. ETF Managers Group LLC lifted its holdings in shares of Interactive Brokers Group by 1.5% in the first quarter. ETF Managers Group LLC now owns 10,985 shares of the financial services provider’s stock worth $907,000 after buying an additional 163 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Interactive Brokers Group by 0.3% in the first quarter. Public Employees Retirement System of Ohio now owns 48,042 shares of the financial services provider’s stock worth $3,966,000 after buying an additional 164 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC lifted its holdings in shares of Interactive Brokers Group by 3.4% in the first quarter. SYSTM Wealth Solutions LLC now owns 5,297 shares of the financial services provider’s stock worth $437,000 after buying an additional 174 shares in the last quarter. 21.42% of the stock is currently owned by institutional investors.
Interactive Brokers Group Price Performance
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.08). The business had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.06 billion. Interactive Brokers Group had a return on equity of 4.41% and a net margin of 8.14%. The firm’s revenue was up 52.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 earnings per share. On average, equities analysts anticipate that Interactive Brokers Group will post 5.64 EPS for the current year.
Interactive Brokers Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Friday, September 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. Interactive Brokers Group’s dividend payout ratio is presently 8.16%.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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