Interactive Brokers Group (NASDAQ:IBKR) Rating Lowered to “Sell” at StockNews.com

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

IBKR has been the subject of a number of other research reports. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Citigroup upped their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. UBS Group lifted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Barclays increased their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $173.08 on Wednesday. The firm has a 50 day moving average price of $201.05 and a 200-day moving average price of $179.46. Interactive Brokers Group has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The firm has a market cap of $73.14 billion, a price-to-earnings ratio of 24.52, a PEG 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 for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the business posted $1.52 EPS. Interactive Brokers Group’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, equities research analysts predict that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Insider Activity

In other news, Director Jill Bright purchased 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.99% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cerity Partners LLC raised its holdings in Interactive Brokers Group by 60.2% in the 3rd quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 1,146 shares during the last quarter. FMR LLC increased its holdings in shares of Interactive Brokers Group by 12.2% in the 3rd quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock worth $152,543,000 after purchasing an additional 119,187 shares in the last quarter. Townsquare Capital LLC raised its stake in shares of Interactive Brokers Group by 1.2% in the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock worth $760,000 after purchasing an additional 67 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Interactive Brokers Group by 1.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,250 shares of the financial services provider’s stock valued at $3,240,000 after purchasing an additional 237 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in shares of Interactive Brokers Group by 487.4% during the third quarter. Benjamin Edwards Inc. now owns 2,931 shares of the financial services provider’s stock valued at $409,000 after buying an additional 2,432 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other 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.