Brokers

Interactive Brokers Group (NASDAQ:IBKR) Rating Increased to Hold at StockNews.com


StockNews.com upgraded shares of Interactive Brokers Group (NASDAQ:IBKRGet Rating) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

Other research analysts have also recently issued research reports about the stock. Bank of America lifted their price objective on shares of Interactive Brokers Group from $111.00 to $117.00 and gave the company a buy rating in a report on Wednesday, April 20th. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a neutral rating to a buy rating and set a $90.00 target price on the stock in a research report on Tuesday, April 26th. Keefe, Bruyette & Woods upgraded shares of Interactive Brokers Group from a market perform rating to an outperform rating and set a $90.00 target price on the stock in a research report on Wednesday, January 19th. Finally, Zacks Investment Research lowered shares of Interactive Brokers Group from a buy rating to a hold rating and set a $71.00 target price on the stock. in a research report on Tuesday, April 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group presently has an average rating of Buy and an average price target of $92.00.

IBKR opened at $54.04 on Wednesday. Interactive Brokers Group has a fifty-two week low of $52.18 and a fifty-two week high of $82.83. The company has a fifty day moving average of $62.53 and a two-hundred day moving average of $69.42. The stock has a market capitalization of $22.60 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.76 and a beta of 0.76.

Interactive Brokers Group (NASDAQ:IBKRGet Rating) last released its quarterly earnings data on Tuesday, April 19th. The financial services provider reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. Interactive Brokers Group had a net margin of 10.32% and a return on equity of 3.09%. The company had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $703.34 million. During the same quarter in the previous year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was down 27.8% on a year-over-year basis. On average, analysts predict that Interactive Brokers Group will post 3.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 14th. Investors of record on Wednesday, June 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.74%. Interactive Brokers Group’s payout ratio is presently 14.08%.

In other Interactive Brokers Group news, Chairman Thomas Peterffy sold 20,300 shares of the business’s stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $70.40, for a total value of $1,429,120.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 580,300 shares of company stock worth $36,646,520 over the last quarter. 5.72% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of IBKR. First Horizon Advisors Inc. raised its stake in shares of Interactive Brokers Group by 112.7% in the 4th quarter. First Horizon Advisors Inc. now owns 336 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 178 shares during the period. Quent Capital LLC purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at approximately $28,000. Westpac Banking Corp purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at approximately $30,000. Fifth Third Bancorp raised its stake in shares of Interactive Brokers Group by 72.4% in the 4th quarter. Fifth Third Bancorp now owns 381 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 160 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Interactive Brokers Group by 692.5% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 420 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 367 shares during the period. Institutional investors own 20.49% of the company’s stock.

About Interactive Brokers Group (Get Rating)

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.

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