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

StockNews.com upgraded shares of Interactive Brokers Group (NASDAQ:IBKR) from a sell rating to a hold rating in a research note published on Tuesday morning.

A number of other research firms also recently weighed in on IBKR. Citigroup upped their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. UBS Group increased their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods lifted their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Barclays raised their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Stock Down 2.8 %

Shares of Interactive Brokers Group stock opened at $169.00 on Tuesday. Interactive Brokers Group has a 12 month low of $103.69 and a 12 month high of $236.53. The stock has a market cap of $71.42 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The business has a fifty day simple moving average of $202.44 and a 200-day simple moving average of $177.78.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.52 EPS. Analysts expect that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.16%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.99% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

Several large investors have recently modified their holdings of the stock. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at $25,000. SRH Advisors LLC bought a new stake in Interactive Brokers Group during the fourth quarter worth about $28,000. Versant Capital Management Inc increased its holdings 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 worth $31,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new stake in Interactive Brokers Group during the 4th quarter worth approximately $33,000. 23.80% of the stock is currently owned by institutional investors.

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.