Interactive Brokers Group (NASDAQ:IBKR) Sets New 52-Week High – Time to Buy?

Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $235.86 and last traded at $232.46, with a volume of 187078 shares changing hands. The stock had previously closed at $230.20.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IBKR shares. UBS Group boosted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Citigroup upped 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. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Stock Performance

The business’s 50 day moving average price is $194.48 and its 200-day moving average price is $162.17. The firm has a market cap of $96.82 billion, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89.

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. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the business posted $1.52 earnings per share. On average, analysts forecast that Interactive Brokers Group, Inc. will post 7.39 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, March 14th. Stockholders of record on Friday, February 28th will be given a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Interactive Brokers Group’s payout ratio is currently 14.16%.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.21% of the stock is owned by company insiders.

Institutional Trading of Interactive Brokers Group

Several large investors have recently added to or reduced their stakes in IBKR. JPMorgan Chase & Co. boosted its position in Interactive Brokers Group by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock worth $559,821,000 after acquiring an additional 11,379 shares during the period. Cantillon Capital Management LLC raised its stake in shares of Interactive Brokers Group by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock valued at $599,917,000 after purchasing an additional 18,047 shares in the last quarter. State Street Corp lifted its holdings in Interactive Brokers Group by 1.7% in the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock worth $449,037,000 after purchasing an additional 52,911 shares during the period. Geode Capital Management LLC grew its position in Interactive Brokers Group by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider’s stock valued at $399,205,000 after buying an additional 193,497 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Interactive Brokers Group by 8,249.3% in the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider’s stock valued at $263,950,000 after buying an additional 1,476,135 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.