Interactive Brokers Group (NASDAQ:IBKR) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Interactive Brokers Group (NASDAQ:IBKR - Free Report) from a hold rating to a sell rating in a research report report published on Monday morning.

Several other analysts also recently weighed in on the company. Piper Sandler restated an "overweight" rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research note on Monday, January 13th. The Goldman Sachs Group upped their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Barclays raised their price target 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. Finally, Citigroup increased their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $204.13.

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Interactive Brokers Group Price Performance

Interactive Brokers Group stock traded down $2.50 during midday trading on Monday, hitting $173.36. 3,574,320 shares of the company were exchanged, compared to its average volume of 1,172,778. Interactive Brokers Group has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The company's fifty day moving average price is $203.43 and its 200-day moving average price is $176.08. The company has a market cap of $73.26 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS 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 analysts' expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 earnings per share. On average, analysts expect that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. Interactive Brokers Group's payout ratio is currently 14.16%.

Insider Activity

In related news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.99% of the company's stock.

Hedge Funds Weigh In On Interactive Brokers Group

Several hedge funds and other institutional investors have recently modified their holdings of IBKR. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group in the 4th quarter valued at about $25,000. SRH Advisors LLC bought a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $28,000. Versant Capital Management Inc boosted its position in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after buying an additional 71 shares during the period. Blue Trust Inc. grew its holdings in Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after buying an additional 88 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its position in Interactive Brokers Group by 39.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 53 shares during the period. Institutional investors and hedge funds own 23.80% of the company's stock.

About Interactive Brokers Group

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.