StockNews.com began coverage on shares of Interactive Brokers Group (NASDAQ:IBKR – Get Rating) in a research report report published on Thursday morning. The firm issued a hold rating on the financial services provider's stock.
Several other equities analysts also recently weighed in on IBKR. Jefferies Financial Group lifted their target price on Interactive Brokers Group from $91.00 to $104.00 and gave the company a buy rating in a research report on Tuesday, March 7th. Barclays lifted their target price on Interactive Brokers Group from $90.00 to $96.00 and gave the company an overweight rating in a research report on Wednesday, January 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $96.17.
Get Interactive Brokers Group alerts:Interactive Brokers Group Price Performance
IBKR stock opened at $76.29 on Thursday. The company has a market cap of $32.01 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 0.53 and a beta of 0.79. Interactive Brokers Group has a 1 year low of $52.18 and a 1 year high of $90.19. The stock's fifty day moving average price is $82.41 and its 200-day moving average price is $76.02.
Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last released its quarterly earnings results on Tuesday, January 17th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.14. The firm had revenue of $976.00 million for the quarter, compared to the consensus estimate of $926.75 million. Interactive Brokers Group had a return on equity of 3.77% and a net margin of 9.30%. As a group, analysts expect that Interactive Brokers Group will post 5.46 earnings per share for the current year.
Interactive Brokers Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 14th. Stockholders of record on Wednesday, March 1st were issued a $0.10 dividend. The ex-dividend date was Tuesday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.52%. Interactive Brokers Group's dividend payout ratio (DPR) is 10.70%.
Insider Transactions at Interactive Brokers Group
In other news, Chairman Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $76.04, for a total value of $1,520,800.00. Following the sale, the chairman now directly owns 1,876,105 shares of the company's stock, valued at $142,659,024.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 160,000 shares of company stock valued at $12,393,800. 5.72% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Interactive Brokers Group
Several large investors have recently made changes to their positions in IBKR. CWM LLC increased its stake in Interactive Brokers Group by 20.5% during the third quarter. CWM LLC now owns 787 shares of the financial services provider's stock worth $50,000 after acquiring an additional 134 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Interactive Brokers Group during the second quarter worth approximately $407,000. NewEdge Wealth LLC increased its stake in Interactive Brokers Group by 64.7% during the second quarter. NewEdge Wealth LLC now owns 31,796 shares of the financial services provider's stock worth $1,749,000 after acquiring an additional 12,493 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Interactive Brokers Group by 19.3% during the third quarter. Oregon Public Employees Retirement Fund now owns 29,984 shares of the financial services provider's stock worth $1,916,000 after acquiring an additional 4,843 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in Interactive Brokers Group by 40.3% during the third quarter. California Public Employees Retirement System now owns 216,151 shares of the financial services provider's stock worth $13,814,000 after acquiring an additional 62,113 shares during the last quarter. 97.84% of the stock is owned by institutional investors.
Interactive Brokers Group Company Profile
(Get Rating)
Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serves the customers of both traditional brokers and prime brokers.
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