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

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

Other analysts have also issued research reports about the stock. Barclays lifted their price objective on shares of Interactive Brokers Group from $188.00 to $193.00 and gave the company an “overweight” rating in a research note on Wednesday, April 16th. UBS Group lifted their price objective 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. Piper Sandler dropped their price objective on shares of Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Citigroup dropped their price objective on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Finally, Bank of America decreased their price target on shares of Interactive Brokers Group from $265.00 to $243.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.50.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $206.99 on Wednesday. Interactive Brokers Group has a one year low of $103.69 and a one year high of $236.53. The company’s 50 day moving average price is $171.36 and its 200 day moving average price is $185.26. The firm has a market capitalization of $87.47 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 1.59 and a beta of 1.19.

Interactive Brokers Group’s stock is scheduled to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly minted shares will be issued to shareholders after the market closes on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.04). The firm had revenue of $1.43 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%. Sell-side analysts forecast that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Institutional Trading of Interactive Brokers Group

A number of hedge funds have recently made changes to their positions in IBKR. Vanguard Group Inc. boosted its holdings in Interactive Brokers Group by 2.8% in the first quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider’s stock worth $1,714,108,000 after purchasing an additional 280,004 shares during the period. JPMorgan Chase & Co. boosted its holdings in Interactive Brokers Group by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock worth $559,821,000 after purchasing an additional 11,379 shares during the period. Cantillon Capital Management LLC boosted its holdings in Interactive Brokers Group by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock worth $599,917,000 after purchasing an additional 18,047 shares during the period. Bank of America Corp DE boosted its holdings in Interactive Brokers Group by 91.4% in the fourth quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider’s stock worth $413,226,000 after purchasing an additional 1,117,186 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Interactive Brokers Group by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider’s stock worth $399,205,000 after purchasing an additional 193,497 shares during the period. 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.