Interactive Brokers Group (NASDAQ:IBKR) Hits New 52-Week High – Still a Buy?
by Renee Jackson · The Cerbat GemInteractive Brokers Group, Inc. (NASDAQ:IBKR – Get Free Report)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $93.10 and last traded at $92.2030, with a volume of 676917 shares traded. The stock had previously closed at $88.83.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. BMO Capital Markets upped their price objective on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group reduced their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Wolfe Research started coverage on Interactive Brokers Group in a report on Monday. They set an “outperform” rating and a $101.00 target price on the stock. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.22.
View Our Latest Stock Analysis on Interactive Brokers Group
Interactive Brokers Group Price Performance
The stock has a market capitalization of $156.33 billion, a price-to-earnings ratio of 39.67, a P/E/G ratio of 2.36 and a beta of 1.32. The company’s 50-day simple moving average is $80.76 and its 200-day simple moving average is $73.34.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 earnings per share. Research analysts expect that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.
Interactive Brokers Group Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.09%.
Insider Buying and Selling at Interactive Brokers Group
In other news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company’s stock.
Hedge Funds Weigh In On Interactive Brokers Group
A number of hedge funds have recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Interactive Brokers Group during the 3rd quarter worth $27,000. Reflection Asset Management acquired a new position in Interactive Brokers Group in the fourth quarter valued at about $26,000. IMA Advisory Services Inc. lifted its position in Interactive Brokers Group by 64.3% during the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 178 shares during the period. Tobam bought a new stake in Interactive Brokers Group during the fourth quarter worth about $30,000. Finally, Entrust Financial LLC acquired a new stake in Interactive Brokers Group during the fourth quarter worth about $31,000. Institutional investors own 23.80% of the company’s stock.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.
Its product suite centers on advanced trading platforms and infrastructure.