Interactive Brokers Group (NASDAQ:IBKR) Cut to "Sell" at StockNews.com

StockNews.com cut shares of Interactive Brokers Group (NASDAQ:IBKR - Free Report) from a hold rating to a sell rating in a research note released on Monday.

IBKR has been the subject of several other reports. Piper Sandler reiterated an "overweight" rating and issued 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 target price on 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. The Goldman Sachs Group upped their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Barclays lifted their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Finally, UBS Group raised their target price 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $204.13.

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Interactive Brokers Group Trading Down 1.4 %

Shares of NASDAQ IBKR traded down $2.50 during mid-day trading on Monday, reaching $173.36. The company had a trading volume of 1,561,441 shares, compared to its average volume of 1,166,494. The stock has a market cap of $73.26 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth 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 business's 50-day moving average is $203.43 and its 200-day moving average is $176.08.

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, beating analysts' consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. Interactive Brokers Group's revenue for the quarter 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 year.

Interactive Brokers Group Announces Dividend

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

Insiders Place Their Bets

In related news, Director Jill Bright acquired 135 shares of the stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.99% of the company's stock.

Institutional Investors Weigh In On Interactive Brokers Group

Institutional investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd boosted its position in shares of 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 purchasing an additional 53 shares during the period. KG&L Capital Management LLC increased its holdings in shares of Interactive Brokers Group by 2.5% in the 4th quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider's stock valued at $428,000 after acquiring an additional 60 shares during the period. Townsquare Capital LLC raised its position in Interactive Brokers Group by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider's stock valued at $760,000 after purchasing an additional 67 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in Interactive Brokers Group by 0.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider's stock worth $2,759,000 after purchasing an additional 69 shares during the period. Finally, Versant Capital Management Inc grew its position in Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after purchasing an additional 71 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other 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.