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

Interactive Brokers Group (NASDAQ:IBKR) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other research analysts have also recently issued reports on IBKR. UBS Group lifted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Piper Sandler dropped their price target on Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating on the stock in a research note on Tuesday. Citigroup lowered their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Barclays reduced their price objective on Interactive Brokers Group from $231.00 to $188.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.88.

Interactive Brokers Group Stock Up 16.1 %

NASDAQ:IBKR opened at $170.72 on Thursday. The firm’s fifty day simple moving average is $192.31 and its 200 day simple moving average is $180.22. Interactive Brokers Group has a twelve month low of $103.69 and a twelve month high of $236.53. The stock has a market cap of $72.14 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate 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 prior year, the business earned $1.52 EPS. On average, analysts expect that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.99% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Donoghue Forlines LLC purchased a new stake in Interactive Brokers Group during the 4th quarter worth approximately $2,088,000. Union Bancaire Privee UBP SA acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at about $3,750,000. Friedenthal Financial acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth about $775,000. New Millennium Group LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth about $2,319,000. Finally, Caldwell Investment Management Ltd. purchased a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $1,215,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Company Profile

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.