Citigroup Issues Positive Forecast for Interactive Brokers Group (NASDAQ:IBKR) Stock Price

Interactive Brokers Group (NASDAQ:IBKR) had its price target hoisted by Citigroup from $180.00 to $220.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the stock. Barclays boosted their price target on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. The Goldman Sachs Group upped their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler raised their target price on Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group upped their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $188.25.

Interactive Brokers Group Price Performance

IBKR opened at $185.21 on Friday. Interactive Brokers Group has a one year low of $83.86 and a one year high of $193.42. The business has a 50 day simple moving average of $180.71 and a two-hundred day simple moving average of $147.56. The firm has a market capitalization of $78.26 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same period in the previous year, the business earned $1.55 EPS. As a group, sell-side analysts expect that Interactive Brokers Group will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is presently 15.27%.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds have recently bought and sold shares of the business. Fortitude Family Office LLC raised its holdings in Interactive Brokers Group by 105.7% during the 4th quarter. Fortitude Family Office LLC now owns 288 shares of the financial services provider’s stock valued at $51,000 after buying an additional 148 shares during the period. Fulton Bank N.A. lifted its stake in Interactive Brokers Group by 6.1% in the fourth quarter. Fulton Bank N.A. now owns 3,319 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 190 shares during the last quarter. Capital Market Strategies LLC purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $212,000. GAMMA Investing LLC raised its holdings in shares of Interactive Brokers Group by 32.6% in the fourth quarter. GAMMA Investing LLC now owns 1,900 shares of the financial services provider’s stock worth $336,000 after buying an additional 467 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.