Interactive Brokers Group (NASDAQ:IBKR) Reaches New 12-Month High – Time to Buy?

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) reached a new 52-week high on Tuesday . The company traded as high as $78.80 and last traded at $75.35, with a volume of 6288202 shares changing hands. The stock had previously closed at $77.58.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. CICC Research began coverage on Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target for the company. BMO Capital Markets increased their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Piper Sandler set a $80.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $76.39.

Interactive Brokers Group Stock Down 2.9%

The firm has a market cap of $127.80 billion, a P/E ratio of 34.02, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24. The firm’s 50-day simple moving average is $67.17 and its 200 day simple moving average is $66.18.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group’s payout ratio is currently 14.48%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 10,645 shares of Interactive Brokers Group stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total transaction of $734,505.00. Following the completion of the sale, the director directly owned 198,704 shares of the company’s stock, valued at approximately $13,710,576. The trade was a 5.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Earl H. Nemser sold 145,000 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the completion of the transaction, the insider owned 155,000 shares of the company’s stock, valued at $12,066,750. This trade represents a 48.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 255,645 shares of company stock worth $19,703,755. Corporate insiders own 2.97% of the company’s stock.

Institutional Trading of Interactive Brokers Group

A number of hedge funds have recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Interactive Brokers Group by 45.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 323,662 shares of the financial services provider’s stock valued at $22,271,000 after purchasing an additional 101,136 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of Interactive Brokers Group in the third quarter worth $898,000. Quinn Opportunity Partners LLC raised its holdings in Interactive Brokers Group by 158.0% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock valued at $17,233,000 after buying an additional 190,452 shares during the last quarter. American Century Companies Inc. boosted its position in Interactive Brokers Group by 290.7% during the 2nd quarter. American Century Companies Inc. now owns 5,602,511 shares of the financial services provider’s stock valued at $310,435,000 after buying an additional 4,168,530 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Interactive Brokers Group by 335.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 374,008 shares of the financial services provider’s stock worth $20,724,000 after acquiring an additional 288,055 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

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.