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

Interactive Brokers Group (NASDAQ:IBKR) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Several other equities research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. UBS Group boosted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Citigroup raised their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays upped their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, Piper Sandler restated an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $173.94 on Tuesday. Interactive Brokers Group has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The company has a market cap of $73.50 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.59 and a beta of 0.99. The business’s 50 day moving average price is $202.82 and its 200-day moving average price is $177.84.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The business 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 earnings per share. Sell-side analysts predict that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Insider Activity at Interactive Brokers Group

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

Hedge Funds Weigh In On Interactive Brokers Group

A number of large investors have recently made changes to their positions in IBKR. Donoghue Forlines LLC purchased a new position in Interactive Brokers Group during the 4th quarter worth $2,088,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth about $3,750,000. Friedenthal Financial acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $775,000. New Millennium Group LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at approximately $2,319,000. Finally, Caldwell Investment Management Ltd. purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at approximately $1,215,000. 23.80% of the stock is owned by institutional investors and hedge funds.

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.