Interactive Brokers Group (NASDAQ:IBKR) Cut to Sell at StockNews.com

StockNews.com lowered shares of Interactive Brokers Group (NASDAQ:IBKR) from a hold rating to a sell rating in a research report released on Monday morning.

IBKR has been the subject of a number of other research reports. Citigroup upped their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. UBS Group upped their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods upped their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. Barclays upped their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group upped their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $178.15 on Monday. The company has a market capitalization of $75.28 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The business has a fifty day moving average price of $203.73 and a two-hundred day moving average price of $176.08. Interactive Brokers Group has a 1 year low of $103.69 and a 1 year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 EPS. Sell-side analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Insider Buying and Selling

In related news, Director Jill Bright acquired 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.99% of the stock is currently owned by insiders.

Institutional Trading of Interactive Brokers Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $25,000. SRH Advisors LLC purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $28,000. Versant Capital Management Inc raised its holdings in shares of Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 88 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its holdings 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 valued at $33,000 after acquiring an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

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.