The price of Interactive Brokers Group Inc. (NASDAQ:IBKR) shares last traded on Wall Street fell -0.94% to $73.05.
Based on available information, 7 analysts follow Interactive Brokers Group Inc. (NASDAQ:IBKR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $126.00 and a low of $84.00, we find $90.00. Given the previous closing price of $73.74, this indicates a potential upside of 22.05 percent. IBKR stock price is now -3.87% away from the 50-day moving average and 12.20% away from the 200-day moving average. The market capitalization of the company currently stands at $30.07B.
Among analysts, 2 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $95.83 as their price target over the next twelve months.
With the price target of $85, Citigroup recently initiated with Buy rating for Interactive Brokers Group Inc. (NASDAQ: IBKR). On August 31, 2022, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $77, while ‘Goldman’ rates the stock as ‘Buy’.
In other news, Peterffy Thomas, Chairman sold 400 shares of the company’s stock on Dec 13. The stock was sold for $30,036 at an average price of $75.09. Upon completion of the transaction, the Chairman now directly owns 1,896,105 shares in the company, valued at $138.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09, Chairman Peterffy Thomas sold 20,000 shares of the business’s stock. A total of $1,514,600 was realized by selling the stock at an average price of $75.73. This leaves the insider owning 1,896,505 shares of the company worth $138.54 million. Insiders disposed of 4,083,161 shares of company stock worth roughly $298.27 million over the past 1 year. A total of 2.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IBKR stock. A new stake in Interactive Brokers Group Inc. shares was purchased by ABRAMS BISON INVESTMENTS, LLC during the first quarter worth $63,554,000. JACOBS LEVY EQUITY MANAGEMENT, INC invested $48,936,000 in shares of IBKR during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in Interactive Brokers Group Inc. valued at approximately $13,570,000. OWL CREEK ASSET MANAGEMENT, L.P. acquired a new stake in IBKR for approximately $13,526,000. FULL18 CAPITAL LLC purchased a new stake in IBKR valued at around $10,195,000 in the second quarter. In total, there are 456 active investors with 91.20% ownership of the company’s stock.
A candlestick chart of Interactive Brokers Group Inc. (NASDAQ: IBKR) showed a price of $74.14 on Tuesday morning. During the past 12 months, Interactive Brokers Group Inc. has had a low of $52.18 and a high of $82.83. The fifty day moving average price for IBKR is $75.99 and a two-hundred day moving average price translates $65.11 for the stock.
The latest earnings results from Interactive Brokers Group Inc. (NASDAQ: IBKR) was released for Sep, 2022. According to the Capital Markets Company, earnings per share came in at $1.08, beating analysts’ expectations of $0.96 by 0.12. This compares to $0.43 EPS in the same period last year. The net profit margin was 9.70% and return on equity was 12.40% for IBKR. The company reported revenue of $790.0 million for the quarter, compared to $464.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 70.26 percent. For the current quarter, analysts expect IBKR to generate $928.85M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/14/2022. Investors who held shares on 12/01/2022 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 0.55% percent yield. There was an ex-dividend date of 11/30/2022 for this dividend. In terms of dividend payout ratio, IBKR is presently at 12.80%.
Interactive Brokers Group Inc.(IBKR) Company Profile
Interactive Brokers Group, Inc. operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors. In addition, it offers custody, prime brokerage, securities, and margin lending services. The company serves institutional and individual customers through approximately 150 electronic exchanges and market centers. Interactive Brokers Group, Inc. was founded in 1977 and is headquartered in Greenwich, Connecticut.