Interactive Brokers Group (NASDAQ:IBKR) Sets New 12-Month High – Here’s What Happened

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on IBKR. Jefferies Financial Group raised their price target 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. Barclays decreased their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. UBS Group boosted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Piper Sandler reiterated an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group Price Performance

The stock has a market cap of $81.53 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. The business has a 50 day moving average price of $155.31 and a two-hundred day moving average price of $134.11.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company earned $1.55 EPS. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.25 per share. The ex-dividend date 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 is presently 15.27%.

Hedge Funds Weigh In On Interactive Brokers Group

Several hedge funds have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC bought a new stake in Interactive Brokers Group in the first quarter valued at $356,000. Bessemer Group Inc. grew its holdings in shares of Interactive Brokers Group by 389.9% during the 1st quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 503 shares during the period. Advisors Asset Management Inc. raised its position in shares of Interactive Brokers Group by 607.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,720 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 1,477 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Interactive Brokers Group by 6.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 53,280 shares of the financial services provider’s stock valued at $5,952,000 after purchasing an additional 3,326 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Interactive Brokers Group by 9.9% during the first quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock valued at $12,173,000 after purchasing an additional 9,858 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

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.