Interactive Brokers Group (NASDAQ:IBKR) Raised to "Hold" at StockNews.com

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Thursday.

A number of other analysts have also commented on the stock. Piper Sandler reduced 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 research note on Tuesday, April 8th. UBS Group lifted their price objective 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. Keefe, Bruyette & Woods increased their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Monday, January 13th. Citigroup lowered their target price on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Barclays decreased their price objective on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $195.88.

Interactive Brokers Group Price Performance

IBKR stock traded up $2.42 during midday trading on Thursday, hitting $175.41. The stock had a trading volume of 243,755 shares, compared to its average volume of 1,315,782. The business has a 50-day moving average of $188.91 and a two-hundred day moving average of $181.21. The firm has a market cap of $74.13 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. Interactive Brokers Group has a 52-week low of $103.69 and a 52-week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion during 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%. Interactive Brokers Group's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. Research 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 Interactive Brokers Group news, Director Jill Bright bought 135 shares of the business's stock in a transaction on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now owns 2,476 shares of the company's stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.99% of the stock is currently owned by company insiders.

Institutional Trading of Interactive Brokers Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd lifted its position in Interactive Brokers Group by 39.8% during the fourth 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 last quarter. KG&L Capital Management LLC increased its holdings in shares of Interactive Brokers Group by 2.5% in the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider's stock valued at $428,000 after purchasing an additional 60 shares during the period. TD Private Client Wealth LLC raised its stake in shares of Interactive Brokers Group by 0.3% in the third 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 last quarter. Versant Capital Management Inc lifted its holdings 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 purchasing an additional 71 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in Interactive Brokers Group by 2.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider's stock valued at $502,000 after buying an additional 73 shares during the last quarter. Institutional investors 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.