Interactive Brokers Group (NASDAQ:IBKR) Hits New 52-Week High – Here’s Why

Interactive Brokers Group, Inc. (NASDAQ:IBKR) hit a new 52-week high on Monday . The company traded as high as $193.42 and last traded at $190.27, with a volume of 111473 shares. The stock had previously closed at $191.62.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on IBKR shares. Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. UBS Group boosted their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Barclays cut their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, 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. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.00.

Interactive Brokers Group Stock Performance

The stock’s fifty day moving average price is $154.06 and its 200-day moving average price is $133.60. The company has a market capitalization of $80.60 billion, a P/E ratio of 29.25, a PEG ratio of 1.50 and a beta of 0.79.

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). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company posted $1.55 EPS. On average, research analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.27%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IBKR. Townsquare Capital LLC grew its position in shares of Interactive Brokers Group by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock worth $760,000 after purchasing an additional 67 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Interactive Brokers Group by 0.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock worth $2,759,000 after acquiring an additional 69 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in shares of Interactive Brokers Group by 3.7% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 97 shares during the period. Boston Financial Mangement LLC lifted its holdings in shares of Interactive Brokers Group by 5.4% during the 3rd quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 100 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its holdings in shares of Interactive Brokers Group by 5.6% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 107 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.