Interactive Brokers Group (NASDAQ:IBKR) Given New $192.00 Price Target at Piper Sandler

Interactive Brokers Group (NASDAQ:IBKR) had its price objective cut by Piper Sandler from $210.00 to $192.00 in a report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

IBKR has been the subject of several other reports. UBS Group increased their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. StockNews.com downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Barclays decreased their target price on shares of Interactive Brokers Group from $231.00 to $188.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Citigroup dropped their price target on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.88.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $164.31 on Tuesday. Interactive Brokers Group has a 12 month low of $103.69 and a 12 month high of $236.53. The company has a market capitalization of $69.43 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. The firm’s fifty day moving average price is $191.12 and its 200 day moving average price is $180.42.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The business 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 business’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 earnings per share. As a group, sell-side analysts forecast that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.99% of the company’s stock.

Institutional Trading of Interactive Brokers Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd boosted its stake in shares of Interactive Brokers Group by 39.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares in the last quarter. KG&L Capital Management LLC boosted its position in 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 worth $428,000 after purchasing an additional 60 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in Interactive Brokers Group by 0.3% in the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after purchasing an additional 69 shares during the last quarter. Versant Capital Management Inc increased its position 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 buying an additional 71 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Interactive Brokers Group by 2.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider’s stock worth $502,000 after buying an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

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.