Interactive Brokers Group (NASDAQ:IBKR) Stock Rating Cut to “Hold” at Zacks Research

Zacks Research cut shares of Interactive Brokers Group (NASDAQ:IBKR) from a strong-buy rating to a hold rating in a research note released on Thursday,Zacks reports.

Other equities analysts have also issued research reports about the stock. Wolfe Research began coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 price target for the company. UBS Group downgraded shares of Interactive Brokers Group from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $50.00 to $102.00 in a report on Tuesday, September 1st. China Renaissance assumed coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They issued a “hold” rating on the stock. Barclays set a $114.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Finally, Raymond James Financial began coverage on shares of Interactive Brokers Group in a research report on Wednesday, August 26th. They set a “market perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $98.90.

Interactive Brokers Group Trading Down 0.6%

IBKR stock opened at $89.24 on Thursday. The stock has a market cap of $151.83 billion, a P/E ratio of 35.70, a P/E/G ratio of 1.66 and a beta of 1.35. The stock’s fifty day simple moving average is $91.27 and its two-hundred day simple moving average is $85.07. Interactive Brokers Group has a 1-year low of $58.95 and a 1-year high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The business’s revenue was up 28.1% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. As a group, analysts forecast that Interactive Brokers Group will post 2.68 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.0875 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is presently 14.00%.

Institutional Investors Weigh In On Interactive Brokers Group

Several large investors have recently added to or reduced their stakes in IBKR. Reflection Asset Management bought a new stake in Interactive Brokers Group in the 4th quarter valued at about $26,000. IMA Advisory Services Inc. boosted its position in Interactive Brokers Group by 64.3% during the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 178 shares during the period. Tobam purchased a new position in shares of Interactive Brokers Group in the fourth quarter worth about $30,000. SHP Wealth Management bought a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $31,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Interactive Brokers Group by 584.6% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 534 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 456 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and related financial services to individual investors, financial professionals, hedge funds, proprietary trading groups and other institutional clients. Through its online platforms, the company offers access to stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and other investment products.

The company operates a technology-focused brokerage platform designed to provide access to multiple markets and asset classes from a single account.