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

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

A number of other equities research analysts have also weighed in on IBKR. UBS Group raised their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Piper Sandler restated an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Barclays upped their price objective on 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 raised their target price on 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, The Goldman Sachs Group upped their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Price Performance

IBKR opened at $179.94 on Tuesday. The business has a fifty day moving average price of $203.13 and a 200 day moving average price of $177.47. Interactive Brokers Group has a 12 month low of $103.69 and a 12 month high of $236.53. The stock has a market capitalization of $76.04 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data 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 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 business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. On average, research analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in shares of Interactive Brokers Group by 8,249.3% during the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider’s stock worth $263,950,000 after buying an additional 1,476,135 shares during the period. Norges Bank acquired a new stake in Interactive Brokers Group during the 4th quarter worth approximately $229,316,000. Bank of America Corp DE lifted its position in Interactive Brokers Group by 91.4% during the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider’s stock worth $413,226,000 after acquiring an additional 1,117,186 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at approximately $120,046,000. Finally, Fullerton Fund Management Co Ltd. acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $69,057,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

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.