Interactive Brokers Group (NASDAQ:IBKR) Upgraded at StockNews.com

Interactive Brokers Group (NASDAQ:IBKR) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other equities research analysts also recently commented on IBKR. Barclays raised their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Piper Sandler reaffirmed 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. The Goldman Sachs Group boosted their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, UBS Group raised their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Stock Up 3.8 %

NASDAQ IBKR opened at $179.94 on Tuesday. The stock has a market capitalization of $76.04 billion, a P/E ratio of 25.49, a P/E/G 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 firm has a 50-day moving average price of $203.13 and a 200 day moving average price of $177.47.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS. On average, equities research analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright purchased 135 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Interactive Brokers Group

A number of institutional investors have recently modified their holdings of IBKR. Contravisory Investment Management Inc. purchased a new stake in Interactive Brokers Group in the 4th quarter worth approximately $25,000. SRH Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $28,000. Versant Capital Management Inc grew its position in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares during the period. Blue Trust Inc. increased its stake in Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 88 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its stake in 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 purchasing an additional 53 shares during the last quarter. 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.