Interactive Brokers Group (NASDAQ:IBKR) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Interactive Brokers Group (NASDAQ:IBKR) from a hold rating to a sell rating in a report issued on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Barclays raised their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. UBS Group lifted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group increased their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Citigroup raised their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods lifted 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 report on Monday, January 13th. 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 data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $203.50.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $174.31 on Wednesday. The stock has a market capitalization of $73.66 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group has a 52-week low of $103.69 and a 52-week high of $236.53. The company’s 50 day moving average price is $200.34 and its 200-day moving average price is $179.42.

Interactive Brokers Group (NASDAQ:IBKR) last posted 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. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. The business’s revenue was up 21.8% compared to the same quarter last year. As a group, equities research analysts forecast that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s payout ratio is currently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

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

Institutional Trading of Interactive Brokers Group

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in shares of Interactive Brokers Group by 8,249.3% during the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider’s stock worth $263,950,000 after acquiring an additional 1,476,135 shares during the last quarter. Norges Bank purchased a new position in Interactive Brokers Group during the fourth quarter valued at $229,316,000. Bank of America Corp DE grew its holdings in Interactive Brokers Group by 91.4% during the fourth quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider’s stock valued at $413,226,000 after purchasing an additional 1,117,186 shares during the period. Raymond James Financial Inc. purchased a new stake in Interactive Brokers Group in the fourth quarter worth about $120,046,000. Finally, Fullerton Fund Management Co Ltd. bought a new position in shares of Interactive Brokers Group in the fourth quarter worth about $69,057,000. 23.80% of the stock is currently owned by 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.