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 on Thursday . The stock traded as high as $221.09 and last traded at $219.17, with a volume of 2557661 shares. The stock had previously closed at $211.25.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays upped their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. UBS Group boosted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday. Jefferies Financial Group raised their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Citigroup raised their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Price Performance

The stock’s 50-day moving average is $187.43 and its 200 day moving average is $154.89. The stock has a market cap of $92.60 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 1.49 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.37 billion. During the same period in the previous year, the business earned $1.52 earnings per share. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. Analysts anticipate that Interactive Brokers Group, Inc. will post 7.39 EPS for the current 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds and other institutional investors have recently modified their holdings of IBKR. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group in the 4th quarter worth approximately $25,000. SRH Advisors LLC acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $28,000. Versant Capital Management Inc boosted its stake in shares of Interactive Brokers Group by 66.4% during 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 during the last quarter. Blue Trust Inc. grew its holdings in shares of Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after buying an additional 88 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in Interactive Brokers Group by 100.0% in the 4th 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 during the period. 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.