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

Interactive Brokers Group (NASDAQ:IBKR) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

A number of other research firms have also recently weighed in on IBKR. UBS Group lifted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Citigroup lowered their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Piper Sandler cut their target price on Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating for the company in a research report on Tuesday. Barclays decreased their target price on Interactive Brokers Group from $231.00 to $188.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Finally, Keefe, Bruyette & Woods upped 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $195.88.

Interactive Brokers Group Stock Up 4.3 %

NASDAQ IBKR opened at $171.35 on Thursday. Interactive Brokers Group has a 52 week low of $103.69 and a 52 week high of $236.53. The company has a market capitalization of $72.41 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. The stock’s 50-day moving average price is $190.12 and its 200-day moving average price is $180.66.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.52 EPS. Research analysts anticipate that Interactive Brokers Group will post 7.46 EPS for the current year.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, 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 through this link. 2.99% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vest Financial LLC purchased a new position in shares of Interactive Brokers Group during the 1st quarter worth $1,459,000. Thrive Wealth Management LLC boosted its stake in Interactive Brokers Group by 13.7% during the first quarter. Thrive Wealth Management LLC now owns 2,528 shares of the financial services provider’s stock worth $419,000 after buying an additional 305 shares during the period. Heritage Family Offices LLP increased its position in shares of Interactive Brokers Group by 28.7% during the first quarter. Heritage Family Offices LLP now owns 3,948 shares of the financial services provider’s stock valued at $654,000 after acquiring an additional 881 shares during the last quarter. Fragasso Financial Advisors Inc purchased a new stake in shares of Interactive Brokers Group in the 1st quarter valued at approximately $1,136,000. Finally, NBC Securities Inc. raised its stake in shares of Interactive Brokers Group by 84,100.0% in the 1st quarter. NBC Securities Inc. now owns 3,368 shares of the financial services provider’s stock valued at $557,000 after acquiring an additional 3,364 shares during the period. Hedge funds and other institutional investors 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.