Interactive Brokers Group’s (IBKR) Overweight Rating Reiterated at Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Interactive Brokers Group (NASDAQ:IBKR) in a report issued on Wednesday morning,Benzinga reports. They currently have a $210.00 price target on the financial services provider’s stock, up from their previous price target of $200.00.

Other research analysts have also recently issued reports about the stock. UBS Group increased their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Barclays upped their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday. Jefferies Financial Group boosted 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. Finally, Citigroup raised their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. One investment 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, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.25.

Interactive Brokers Group Price Performance

IBKR opened at $218.99 on Wednesday. The stock’s 50 day moving average price is $186.09 and its 200 day moving average price is $152.91. The stock has a market cap of $92.53 billion, a P/E ratio of 31.02, a P/E/G ratio of 1.49 and a beta of 0.87. Interactive Brokers Group has a 12 month low of $88.22 and a 12 month high of $220.66.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 5.00% and a net margin of 9.25%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the company earned $1.52 earnings per share. Equities analysts anticipate that Interactive Brokers Group will post 7.39 EPS for the current year.

Interactive Brokers Group Announces Dividend

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

Institutional Investors Weigh In On Interactive Brokers Group

A number of large investors have recently made changes to their positions in IBKR. Dimensional Fund Advisors LP grew its position in Interactive Brokers Group by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 301,688 shares of the financial services provider’s stock worth $36,988,000 after purchasing an additional 27,621 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of 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 worth $776,000 after buying an additional 323 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of 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 valued at $10,163,000 after buying an additional 70,736 shares in the last quarter. AE Wealth Management LLC raised its position in Interactive Brokers Group by 5.9% during the second quarter. AE Wealth Management LLC now owns 8,083 shares of the financial services provider’s stock valued at $991,000 after buying an additional 447 shares during the period. Finally, Squarepoint Ops LLC boosted its position in Interactive Brokers Group by 115.9% during the 2nd quarter. Squarepoint Ops LLC now owns 125,833 shares of the financial services provider’s stock worth $15,427,000 after acquiring an additional 67,537 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

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.