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

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

A number of other equities analysts have also weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Citigroup lifted their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays boosted their target price 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. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Trading Down 0.3 %

NASDAQ:IBKR opened at $179.40 on Tuesday. Interactive Brokers Group has a 12 month low of $103.69 and a 12 month high of $236.53. The firm’s 50 day moving average is $203.06 and its 200 day moving average is $177.87. The stock has a market capitalization of $75.81 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates 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 was up 21.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. Research analysts predict that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is 14.16%.

Insider Buying and Selling

In related news, Director Jill Bright bought 135 shares of the company’s stock in a transaction on Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.99% of the stock is owned by company insiders.

Institutional Trading of Interactive Brokers Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group in the fourth quarter valued at $25,000. SRH Advisors LLC bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $28,000. Versant Capital Management Inc raised its holdings in shares of Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. lifted its position in Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after buying an additional 88 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its stake in Interactive Brokers Group by 39.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

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.