Interactive Brokers Group (NASDAQ:IBKR) Stock Rating Lowered by StockNews.com

Interactive Brokers Group (NASDAQ:IBKR) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Several other analysts have also recently issued reports on IBKR. 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. The Goldman Sachs Group increased their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Barclays increased 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. Keefe, Bruyette & Woods increased their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Finally, UBS Group increased their price target 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $172.69 on Monday. The firm has a market cap of $72.97 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The company has a 50-day moving average of $203.99 and a two-hundred day moving average of $176.07. Interactive Brokers Group has a 1-year low of $103.69 and a 1-year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. The company 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%. Interactive Brokers Group’s revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 earnings per share. Sell-side analysts anticipate that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the business’s stock in a transaction on Friday, January 31st. The shares were bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.99% of the stock is owned by corporate insiders.

Institutional Trading of Interactive Brokers Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. acquired a new stake in Interactive Brokers Group during the fourth quarter worth approximately $25,000. SRH Advisors LLC acquired a new stake in Interactive Brokers Group during the fourth quarter worth approximately $28,000. Versant Capital Management Inc raised its holdings 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 purchasing an additional 71 shares in the last quarter. Blue Trust Inc. grew its position 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 acquiring an additional 88 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in shares of 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 worth $33,000 after acquiring an additional 53 shares during the last quarter. 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.