Interactive Brokers Group, Inc. (IBKR) Receives Consensus Rating of “Hold” from Analysts

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Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been given an average rating of “Hold” by the twelve analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $65.43.

Several equities analysts recently weighed in on the company. BidaskClub downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Friday. ValuEngine lowered Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research lowered Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 19th. Compass Point assumed coverage on Interactive Brokers Group in a research note on Tuesday, June 5th. They issued a “neutral” rating and a $74.00 target price for the company. Finally, TheStreet upgraded Interactive Brokers Group from a “c+” rating to a “b” rating in a research note on Tuesday, April 17th.

Several institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. boosted its position in Interactive Brokers Group by 2.5% during the first quarter. Baillie Gifford & Co. now owns 6,165,648 shares of the financial services provider’s stock valued at $414,578,000 after purchasing an additional 147,978 shares during the last quarter. BlackRock Inc. lifted its stake in Interactive Brokers Group by 4.4% in the 1st quarter. BlackRock Inc. now owns 6,026,103 shares of the financial services provider’s stock valued at $405,194,000 after purchasing an additional 255,296 shares during the last quarter. Cantillon Capital Management LLC lifted its stake in Interactive Brokers Group by 24.6% in the 1st quarter. Cantillon Capital Management LLC now owns 2,541,244 shares of the financial services provider’s stock valued at $170,873,000 after purchasing an additional 501,191 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Interactive Brokers Group by 1.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,406,625 shares of the financial services provider’s stock valued at $161,822,000 after purchasing an additional 44,619 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Interactive Brokers Group by 2.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 2,367,972 shares of the financial services provider’s stock valued at $159,223,000 after purchasing an additional 64,871 shares during the last quarter. 15.09% of the stock is owned by institutional investors and hedge funds.

NASDAQ IBKR traded down $0.52 during trading hours on Tuesday, hitting $65.92. 2,079,117 shares of the company’s stock were exchanged, compared to its average volume of 1,214,821. Interactive Brokers Group has a 12-month low of $36.23 and a 12-month high of $80.32. The company has a market capitalization of $27.35 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of 1.53 and a beta of 0.95.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, April 17th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.06. Interactive Brokers Group had a return on equity of 2.04% and a net margin of 4.58%. The firm had revenue of $527.00 million for the quarter, compared to the consensus estimate of $502.56 million. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 40.9% compared to the same quarter last year. sell-side analysts predict that Interactive Brokers Group will post 2.27 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Stockholders of record on Friday, June 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Thursday, May 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 26.14%.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

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