Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $231.00 at Barclays

Interactive Brokers Group (NASDAQ:IBKR) had its price target boosted by Barclays from $224.00 to $231.00 in a research report released on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

A number of other equities research analysts have also recently issued reports on IBKR. UBS Group boosted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Citigroup upped their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Keefe, Bruyette & Woods lifted their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. The Goldman Sachs Group boosted their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group raised their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $192.25.

Interactive Brokers Group Trading Up 5.0 %

IBKR stock opened at $218.99 on Wednesday. Interactive Brokers Group has a 1-year low of $88.22 and a 1-year high of $220.66. The business’s 50 day simple moving average is $186.09 and its 200 day simple moving average is $152.91. The firm has a market capitalization of $92.53 billion, a PE ratio of 31.02, a PEG ratio of 1.49 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1,372,590.34 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company’s revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 earnings per share. As a group, sell-side analysts predict that Interactive Brokers Group will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Interactive Brokers Group by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 301,688 shares of the financial services provider’s stock valued at $36,988,000 after purchasing an additional 27,621 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Interactive Brokers Group by 5.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,327 shares of the financial services provider’s stock valued at $776,000 after acquiring an additional 323 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Interactive Brokers Group by 581.9% during the second quarter. Canada Pension Plan Investment Board now owns 82,893 shares of the financial services provider’s stock worth $10,163,000 after acquiring an additional 70,736 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of Interactive Brokers Group by 5.9% in the second quarter. AE Wealth Management LLC now owns 8,083 shares of the financial services provider’s stock worth $991,000 after acquiring an additional 447 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Interactive Brokers Group by 115.9% in the 2nd quarter. Squarepoint Ops LLC now owns 125,833 shares of the financial services provider’s stock valued at $15,427,000 after purchasing an additional 67,537 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.