Interactive Brokers Group (NASDAQ:IBKR) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Interactive Brokers Group (NASDAQ:IBKR) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

IBKR has been the topic of a number of other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Barclays set a $83.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. BMO Capital Markets upped their price target on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Finally, CICC Research assumed coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group Trading Up 1.2%

IBKR stock opened at $74.56 on Tuesday. The firm’s 50-day moving average is $71.98 and its two-hundred day moving average is $67.93. The company has a market capitalization of $126.46 billion, a price-to-earnings ratio of 33.66, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. Interactive Brokers Group has a 52 week low of $32.82 and a 52 week high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the business earned $0.51 earnings per share. On average, equities research analysts predict that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is currently 14.48%.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total value of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares of the company’s stock, valued at $12,066,750. This trade represents a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 400,000 shares of company stock valued at $30,725,122 in the last ninety days. Company insiders own 2.97% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HM Payson & Co. raised its stake in Interactive Brokers Group by 5.8% during the 4th quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 133 shares during the period. Ashton Thomas Private Wealth LLC raised its position in Interactive Brokers Group by 1.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock valued at $738,000 after buying an additional 143 shares during the period. Ballentine Partners LLC lifted its stake in Interactive Brokers Group by 1.0% in the 3rd quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock worth $1,059,000 after acquiring an additional 145 shares in the last quarter. Caitlin John LLC boosted its position in Interactive Brokers Group by 0.6% during the 3rd quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock worth $1,734,000 after acquiring an additional 153 shares during the period. Finally, S&CO Inc. boosted its position in Interactive Brokers Group by 0.3% during the 4th quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock worth $4,056,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.