Wall Street Zen Downgrades Interactive Brokers Group (NASDAQ:IBKR) to Sell

Interactive Brokers Group (NASDAQ:IBKR) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other analysts also recently weighed in on the company. Barclays increased their target price on Interactive Brokers Group from $188.00 to $193.00 and gave the company an “overweight” rating in a research note on Wednesday, April 16th. Citigroup decreased their target price on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Piper Sandler decreased their target price on Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group increased their target price on Interactive Brokers Group from $212.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, Bank of America decreased their target price on Interactive Brokers Group from $265.00 to $243.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus price target of $213.50.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $211.83 on Friday. The firm has a market cap of $89.52 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 1.59 and a beta of 1.25. The business’s 50-day simple moving average is $183.02 and its 200-day simple moving average is $189.68. Interactive Brokers Group has a 52 week low of $103.69 and a 52 week high of $236.53.

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

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.04). Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. As a group, equities research analysts forecast that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Institutional Trading of Interactive Brokers Group

A number of hedge funds have recently modified their holdings of IBKR. JPMorgan Chase & Co. lifted its position in shares of Interactive Brokers Group by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock worth $559,821,000 after acquiring an additional 11,379 shares during the period. Blue Trust Inc. lifted its position in shares of Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after buying an additional 88 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Interactive Brokers Group by 1.8% during the 4th quarter. DAVENPORT & Co LLC now owns 5,856 shares of the financial services provider’s stock worth $1,035,000 after buying an additional 103 shares during the period. Choreo LLC lifted its position in shares of Interactive Brokers Group by 12.9% during the 4th quarter. Choreo LLC now owns 1,668 shares of the financial services provider’s stock worth $299,000 after buying an additional 190 shares during the period. Finally, Bleakley Financial Group LLC bought a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $244,000. 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.