Interactive Brokers Group (NASDAQ:IBKR) Upgraded at StockNews.com

StockNews.com upgraded shares of Interactive Brokers Group (NASDAQ:IBKR) from a sell rating to a hold rating in a research note published on Tuesday morning.

A number of other research firms have also recently commented on IBKR. The Goldman Sachs Group boosted their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Piper Sandler restated an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Citigroup raised 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. Finally, UBS Group upped their target price 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. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Stock Down 2.8 %

IBKR opened at $169.00 on Tuesday. Interactive Brokers Group has a 52-week low of $103.69 and a 52-week high of $236.53. The company has a 50 day moving average of $202.44 and a two-hundred day moving average of $177.78. The company has a market cap of $71.42 billion, a P/E ratio of 23.94, a P/E/G ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company posted $1.52 earnings per share. The firm’s revenue was up 21.8% compared to the same quarter last year. Research 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 paid 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 0.59%. Interactive Brokers Group’s payout ratio is currently 14.16%.

Insider Transactions at Interactive Brokers Group

In other news, Director Jill Bright bought 135 shares of the business’s stock in a transaction on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.99% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Pathstone Holdings LLC grew its stake in shares of Interactive Brokers Group by 7.0% in the 3rd quarter. Pathstone Holdings LLC now owns 12,348 shares of the financial services provider’s stock worth $1,721,000 after purchasing an additional 811 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Interactive Brokers Group by 34.3% in the third quarter. Advisors Asset Management Inc. now owns 3,744 shares of the financial services provider’s stock valued at $522,000 after buying an additional 957 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Interactive Brokers Group by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 799,423 shares of the financial services provider’s stock valued at $111,408,000 after acquiring an additional 17,195 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Interactive Brokers Group by 60.2% in the 3rd quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Interactive Brokers Group during the third quarter worth $586,000. 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.