Interactive Brokers Group (NASDAQ:IBKR) Downgraded to “Neutral” Rating by Citigroup

Citigroup lowered shares of Interactive Brokers Group (NASDAQ:IBKR) from a buy rating to a neutral rating in a report released on Monday morning, MarketBeat reports. The firm currently has $215.00 price objective on the financial services provider’s stock, up from their prior price objective of $205.00.

Several other equities research analysts also recently weighed in on IBKR. 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 report on Tuesday, April 8th. Wall Street Zen lowered Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Friday. The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $212.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Bank of America dropped their price objective on shares of Interactive Brokers Group from $265.00 to $243.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Barclays boosted their target price on shares of Interactive Brokers Group from $188.00 to $193.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.50.

Interactive Brokers Group Trading Down 3.4%

IBKR stock opened at $204.67 on Monday. The stock has a 50-day moving average price of $183.63 and a two-hundred day moving average price of $189.76. Interactive Brokers Group has a 12-month low of $103.69 and a 12-month high of $236.53. The company has a market cap of $86.50 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25.

Interactive Brokers Group shares are set to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly created shares will be distributed to shareholders after the market closes on Tuesday, June 17th.

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

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, May 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.63%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.32%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd increased its position in shares of Interactive Brokers Group by 39.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares during the last quarter. Compound Planning Inc. grew its stake in Interactive Brokers Group by 1.1% in the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 62 shares in the last quarter. CWM LLC grew its stake in Interactive Brokers Group by 6.6% in the first quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 66 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Interactive Brokers Group by 0.8% in the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider’s stock valued at $1,410,000 after buying an additional 70 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in Interactive Brokers Group by 2.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider’s stock valued at $502,000 after buying an additional 73 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

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.