Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) has earned an average rating of "Moderate Buy" from the eight research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $207.88.
IBKR has been the topic of several research analyst reports. Citigroup decreased their target price on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Piper Sandler lowered their price target on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. StockNews.com cut shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a research report on Friday, April 18th. Bank of America decreased their price objective on Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods boosted their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research report on Monday, January 13th.
View Our Latest Stock Report on IBKR
Insider Buying and Selling at Interactive Brokers Group
In other news, Director Jill Bright bought 135 shares of the business's stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.99% of the company's stock.
Institutional Trading of Interactive Brokers Group
A number of large investors have recently made changes to their positions in the company. SkyView Investment Advisors LLC raised its position in shares of Interactive Brokers Group by 1.3% during the third quarter. SkyView Investment Advisors LLC now owns 36,971 shares of the financial services provider's stock worth $5,152,000 after purchasing an additional 460 shares during the period. Anchor Investment Management LLC bought a new stake in Interactive Brokers Group during the 3rd quarter worth approximately $89,000. Franklin Resources Inc. acquired a new stake in Interactive Brokers Group during the 3rd quarter worth approximately $211,000. Lord Abbett & CO. LLC bought a new position in Interactive Brokers Group in the third quarter valued at approximately $25,085,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Interactive Brokers Group by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider's stock valued at $559,821,000 after buying an additional 11,379 shares during the period. Institutional investors own 23.80% of the company's stock.
Interactive Brokers Group Stock Performance
Shares of NASDAQ:IBKR traded up $7.12 on Monday, hitting $168.83. The stock had a trading volume of 856,961 shares, compared to its average volume of 1,353,628. The firm's 50 day moving average price is $179.25 and its 200-day moving average price is $181.54. Interactive Brokers Group has a twelve month low of $103.69 and a twelve month high of $236.53. The company has a market capitalization of $71.34 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02.
Interactive Brokers Group's stock is scheduled to split on the morning of Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly created shares will be issued to shareholders after the closing bell on Tuesday, June 17th.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.92 by ($0.04). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. As a group, sell-side analysts predict that Interactive Brokers Group will post 7.46 EPS for the current year.
About Interactive Brokers Group
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Get Free ReportInteractive 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.
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