The Vanguard Group, Inc. has recently announced that it has increased stake in Interactive Brokers Group Inc. (NASDAQ:IBKR) by 1.55%. After grabbing 9.05 million shares, the institutional investor is now in possession of 0.14 million shares of the Financial Company. The new investment brought the stake of investor firm to 8.80% having worth around $779.19 million. Moreover, BlackRock Fund Advisors increased its share by 1.41 million to have a control over 8.26 million shares. And Orbis Investment Management Ltd. raised its holdings to 0.64 million shares by acquiring 4.2 million shares or 4.09% of the stake.
Interactive Brokers Group Inc. (IBKR) concluded trading on 03/15/23 at a closing price of $76.01, with 2.29 million shares of worth about $174.08 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 10.67% during that period and on Wednesday the price saw a loss of about -4.96%. Currently the company’s common shares owned by public are about 102.90M shares, out of which, 99.51M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the IBKR stock and their offered price forecasts bring an average price target of $104.83. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $130.00 and could fall to a lowest price of $90.00. The stock’s current price level is 27.49% above of average price target set by the analysts, while a rise to estimated low would result in gain of 15.54% for the stock. However, touching the estimated high of $130.00 would mean a gain of 41.53% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 369 times over the past 12 months. They bought 1,220,040 shares in 19 of the transactions. In 350 selling transactions, insiders dumped 3,176,104 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market Index, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in Interactive Brokers Group Inc. iShares Core S&P Mid Cap ETF is currently holding 3.21 million shares of worth totaling $276.49 million. The company recently came buying 7272.0 shares which brought its stake up to 3.12% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 22868.0 shares, after which its hold over company’s outstanding shares expand to 2.91%, leaving 2.99 million shares with the mutual fund that have a worth of about $257.7 million. Vanguard Mid Cap Index Fund, after buying 2.28 million shares, have now control over 2.21% of the stake in the company. It holds 3655.0 shares of worth $196.0 million.
Interactive Brokers Group Inc. (NASDAQ: IBKR) started trading at $76.42, below -$3.56 from concluding price of the previous day. However, the stock later moved at a day high price of 76.87, or with a loss of -4.96%. Stock saw a price change of -14.75% in past 5 days and over the past one month there was a price change of -12.10%. Year-to-date (YTD), IBKR shares are showing a performance of 5.06% which increased to 23.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $52.18 but also hit the highest price of $90.19 during that period. The average intraday trading volume for Interactive Brokers Group Inc. shares is 1.14 million. The stock is currently trading -11.56% below its 20-day simple moving average (SMA20), while that difference is down -7.04% for SMA50 and it goes to 8.13% higher than SMA200.
The Vanguard Group, Inc. acquired 9.05 million shares of Interactive Brokers Group Inc. having value of about $779.19 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.14 million shares in the company valued at close to $10523812.53, or have control over 1.55% stake in the company. Interactive Brokers Group Inc. (NASDAQ: IBKR) currently have 102.90M outstanding shares and institutions hold larger chunk of about 91.20% of that. Holding of mutual funds in the company is about 54.85% while other institutional holders and individual stake holders have control over 8.29% and 35.47% of the stake respectively.
The stock has a current market capitalization of $34.24B and its 3Y-monthly beta is at 0.78. PE ratio of stock for trailing 12 months is 20.35, while it has posted earnings per share of $3.73 in the same period. Its PEG reads 0.89 while making debt-to-equity ratio of 3.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IBKR, volatility over the week remained 4.34% while standing at 2.75% over the month.
Analysts are in expectations that Interactive Brokers Group Inc. (IBKR) stock would likely to be making an EPS of $1.38 in the current quarter, while forecast for next quarter EPS is $1.41 and it is $5.74 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.28 which is $1.55 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.82 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 15.70% while it is estimated to increase by 1.87% in next year. EPS is likely to grow at an annualized rate of 22.95% for next 5-years, compared to annual growth of 1.00% made by the stock over the past 5-years.
Analysts at 7 brokerage firms have issued recommendations for the Interactive Brokers Group Inc. (IBKR)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.60. Out of those 7 Wall Street analysts, 5 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on October 12, 2022 offering a Buy rating for the stock and assigned a target price of $85 to it. Coverage by Barclays stated Interactive Brokers Group Inc. (IBKR) stock as an Overweight in their note to investors on August 31, 2022, suggesting a price target of $77 for the stock. On April 26, 2022, Goldman Upgrade their recommendations, while on January 19, 2022, Keefe Bruyette Upgrade their ratings for the stock with a price target of $90. Stock get a Buy rating from BofA Securities on December 16, 2021.
