Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a report issued on Tuesday.
Other research analysts also recently issued reports about the company. Piper Sandler reaffirmed an "overweight" rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. UBS Group boosted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Barclays upped their target price 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. Citigroup raised 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. Finally, Keefe, Bruyette & Woods upped their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $204.13.
Read Our Latest Stock Report on IBKR
Interactive Brokers Group Stock Down 2.5 %
IBKR stock traded down $4.28 during midday trading on Tuesday, hitting $164.72. 2,372,708 shares of the company traded hands, compared to its average volume of 1,233,278. The business has a 50 day simple moving average of $202.44 and a 200-day simple moving average of $177.78. The stock has a market capitalization of $69.61 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Interactive Brokers Group has a twelve month low of $103.69 and a twelve month high of $236.53.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 9.25% and a return on equity of 5.00%. The business's revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 EPS. Equities research analysts forecast that Interactive Brokers Group will post 7.46 EPS for the current year.
Insiders Place Their Bets
In related news, Director Jill Bright bought 135 shares of the business's 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 represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.99% of the company's stock.
Institutional Trading of Interactive Brokers Group
A number of large investors have recently bought and sold shares of IBKR. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $25,000. SRH Advisors LLC acquired a new position in Interactive Brokers Group in the fourth quarter valued at about $28,000. Versant Capital Management Inc grew its stake in 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 last quarter. Blue Trust Inc. increased its holdings in shares of Interactive Brokers Group by 90.7% during the fourth 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 raised its stake in shares of Interactive Brokers Group by 39.8% in 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. 23.80% of the stock is currently owned by institutional investors.
About Interactive Brokers Group
(
Get Free Report)
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.
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