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

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

Several other analysts have also recently weighed in on IBKR. UBS Group boosted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Barclays increased their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group raised their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. 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 report on Wednesday, January 22nd. Finally, Citigroup boosted 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 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 company's stock. According to MarketBeat, Interactive Brokers Group currently has an average rating of "Moderate Buy" and an average target price of $203.50.

Interactive Brokers Group Trading Down 8.4 %

IBKR traded down $13.40 on Wednesday, reaching $146.08. The stock had a trading volume of 2,976,311 shares, compared to its average volume of 1,258,463. The company has a market capitalization of $61.73 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. Interactive Brokers Group has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The firm has a 50-day moving average of $197.90 and a 200-day moving average of $180.09.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (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 business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business earned $1.52 EPS. The firm's quarterly revenue was up 21.8% on a year-over-year basis. Sell-side analysts anticipate that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is 14.16%.

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 acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now directly owns 2,476 shares of the company's stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds have recently added to or reduced their stakes in IBKR. Wellington Management Group LLP lifted its holdings in shares of Interactive Brokers Group by 8,249.3% in the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock worth $263,950,000 after purchasing an additional 1,476,135 shares in the last quarter. Norges Bank acquired a new position in Interactive Brokers Group during the fourth quarter worth $229,316,000. Bank of America Corp DE lifted its stake in shares of Interactive Brokers Group by 91.4% in the fourth quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock valued at $413,226,000 after buying an additional 1,117,186 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $120,046,000. Finally, Fullerton Fund Management Co Ltd. acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $69,057,000. Institutional investors and hedge funds 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.