Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $76.3929.

Several research analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. BMO Capital Markets increased their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, Barclays set a $83.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st.

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $77.85, for a total value of $11,288,250.00. Following the completion of the sale, the insider owned 155,000 shares in the company, valued at approximately $12,066,750. The trade was a 48.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 400,000 shares of company stock worth $30,725,122. Company insiders own 2.97% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors have recently bought and sold shares of the business. Reflection Asset Management bought a new stake in Interactive Brokers Group during the 4th quarter valued at $26,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Interactive Brokers Group in the 3rd quarter worth $27,000. IMA Advisory Services Inc. lifted its stake in shares of Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 178 shares during the last quarter. Tobam purchased a new stake in shares of Interactive Brokers Group during the 4th quarter worth $30,000. Finally, Entrust Financial LLC bought a new stake in Interactive Brokers Group during the fourth quarter valued at about $31,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $68.45 on Thursday. The company has a market capitalization of $116.10 billion, a P/E ratio of 30.90, a P/E/G ratio of 1.92 and a beta of 1.23. The company’s 50-day simple moving average is $72.44 and its two-hundred day simple moving average is $68.47. Interactive Brokers Group has a one year low of $32.82 and a one year high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, research analysts expect that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, February 27th. Interactive Brokers Group’s dividend payout ratio is presently 14.48%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.