Interactive Brokers Group (NASDAQ:IBKR) Hits New 12-Month High – Time to Buy?

Interactive Brokers Group, Inc. (NASDAQ:IBKR) shares hit a new 52-week high during trading on Thursday . The company traded as high as $221.09 and last traded at $219.17, with a volume of 2557661 shares traded. The stock had previously closed at $211.25.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup increased their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays increased their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group upped 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 note on Tuesday, December 3rd. UBS Group lifted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday. Finally, 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, January 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Stock Performance

The company has a market cap of $92.60 billion, a P/E ratio of 31.04, a P/E/G ratio of 1.49 and a beta of 0.87. The business has a fifty day simple moving average of $187.43 and a 200 day simple moving average of $154.89.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the business posted $1.52 earnings per share. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm 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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Hedge Funds Weigh In On Interactive Brokers Group

A number of large investors have recently bought and sold shares of IBKR. KG&L Capital Management LLC raised its stake in shares of Interactive Brokers Group by 2.5% during the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 60 shares in the last quarter. Townsquare Capital LLC raised 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 buying an additional 67 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Interactive Brokers Group by 0.3% in 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. Versant Capital Management Inc boosted its holdings in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Finally, Lebenthal Global Advisors LLC increased its stake in shares of Interactive Brokers Group by 1.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock valued at $1,270,000 after acquiring an additional 78 shares during the period. Institutional investors 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.