Interactive Brokers Group (NASDAQ:IBKR) Stock Rating Lowered by Zacks Research

Zacks Research downgraded shares of Interactive Brokers Group (NASDAQ:IBKR) from a strong-buy rating to a hold rating in a report released on Thursday morning,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. Wall Street Zen raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. BMO Capital Markets started coverage on Interactive Brokers Group in a report on Friday. They issued an “outperform” rating and a $82.00 price objective for the company. Citigroup increased their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Piper Sandler increased their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.47.

Interactive Brokers Group Trading Down 0.8%

IBKR stock opened at $70.36 on Thursday. The company has a market capitalization of $119.34 billion, a P/E ratio of 36.17, a PEG ratio of 2.91 and a beta of 1.22. Interactive Brokers Group has a twelve month low of $32.82 and a twelve month high of $71.78. The business has a 50 day simple moving average of $64.33 and a 200-day simple moving average of $54.56.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The company’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 earnings per share. Research analysts predict that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, September 1st were given a $0.08 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is presently 16.49%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total value of $7,564,412.53. Following the completion of the transaction, the chief financial officer owned 158,954 shares in the company, valued at approximately $10,289,092.42. This represents a 42.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the transaction, the insider owned 461,500 shares of the company’s stock, valued at $31,146,635. The trade was a 29.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,205,683 shares of company stock valued at $77,217,965 in the last quarter. 2.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. N.E.W. Advisory Services LLC purchased a new position in Interactive Brokers Group in the first quarter worth $26,000. City Holding Co. purchased a new position in shares of Interactive Brokers Group in the first quarter valued at $33,000. Nvwm LLC purchased a new position in shares of Interactive Brokers Group in the first quarter valued at $33,000. ASR Vermogensbeheer N.V. purchased a new position in shares of Interactive Brokers Group in the first quarter valued at $33,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Interactive Brokers Group in the first quarter valued at $43,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

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.