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

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

A number of other research firms have also recently commented on IBKR. Barclays lowered their price objective on shares of Interactive Brokers Group from $231.00 to $188.00 and set an “overweight” rating for the company in a research report on Monday. UBS Group increased their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods upped their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Citigroup dropped their target price 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. Finally, Piper Sandler decreased their price target on shares of Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $195.88.

Interactive Brokers Group Stock Up 16.1 %

IBKR stock opened at $170.72 on Thursday. Interactive Brokers Group has a twelve month low of $103.69 and a twelve month high of $236.53. The company has a market cap of $72.14 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. The business’s fifty day moving average is $192.31 and its 200-day moving average is $180.22.

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

Insider Buying and Selling

In related news, Director Jill Bright acquired 135 shares of the stock in a transaction dated Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Interactive Brokers Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBKR. Fragasso Financial Advisors Inc bought a new position in Interactive Brokers Group in the 1st quarter valued at $1,136,000. NBC Securities Inc. increased its position in Interactive Brokers Group by 84,100.0% in the first quarter. NBC Securities Inc. now owns 3,368 shares of the financial services provider’s stock worth $557,000 after buying an additional 3,364 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Interactive Brokers Group by 13.5% in the first quarter. Rhumbline Advisers now owns 319,505 shares of the financial services provider’s stock valued at $52,907,000 after buying an additional 38,087 shares during the period. GAMMA Investing LLC grew its stake in shares of Interactive Brokers Group by 22,211.1% during the 1st quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider’s stock worth $701,950,000 after acquiring an additional 422,010 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Interactive Brokers Group by 149.4% in the 1st quarter. Versant Capital Management Inc now owns 444 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 266 shares during the last quarter. Hedge funds and other institutional investors 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.