Interactive Brokers Group (NASDAQ:IBKR) Reaches New 12-Month High Following Strong Earnings

Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s stock price reached a new 52-week high on Tuesday following a stronger than expected earnings report. The stock traded as high as $194.87 and last traded at $192.34, with a volume of 170508 shares traded. The stock had previously closed at $190.09.

The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.11% and a net margin of 9.25%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1,372,590.34 billion. During the same period in the prior year, the company earned $1.52 EPS. The company’s quarterly revenue was up 21.8% compared to the same quarter last year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Piper Sandler reissued an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday. Barclays upped their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group raised 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. UBS Group upped 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. Finally, Keefe, Bruyette & Woods increased their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.25.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc increased its position in 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 valued at $31,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. raised its stake in Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after buying an additional 88 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in Interactive Brokers Group by 100.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 100 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 224 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Up 8.8 %

The firm has a fifty day moving average price of $184.70 and a two-hundred day moving average price of $151.85. The stock has a market capitalization of $88.64 billion, a P/E ratio of 29.71, a P/E/G ratio of 1.40 and a beta of 0.87.

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.