Interactive Brokers Group (NASDAQ:IBKR) Rating Lowered 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 report issued on Friday.

A number of other equities analysts have also recently weighed in on IBKR. UBS Group lifted their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Piper Sandler cut their price objective on Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Barclays raised their target price on shares of Interactive Brokers Group from $188.00 to $193.00 and gave the stock an “overweight” rating in a report on Wednesday, April 16th. Bank of America lowered their price objective on shares of Interactive Brokers Group from $265.00 to $243.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $207.88.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $159.52 on Friday. The company has a 50 day moving average of $183.78 and a 200-day moving average of $181.81. Interactive Brokers Group has a one year low of $103.69 and a one year high of $236.53. The stock has a market cap of $67.41 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 1.59 and a beta of 1.02.

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

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

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insider Activity

In related news, Director Jill Bright purchased 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.99% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Interactive Brokers Group by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock valued at $559,821,000 after buying an additional 11,379 shares in the last quarter. Cantillon Capital Management LLC grew its stake in shares of Interactive Brokers Group by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock valued at $599,917,000 after acquiring an additional 18,047 shares in the last quarter. Bank of America Corp DE boosted its holdings in Interactive Brokers Group by 91.4% in the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider’s stock valued at $413,226,000 after purchasing an additional 1,117,186 shares during the period. Geode Capital Management LLC grew its position in shares of Interactive Brokers Group by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider’s stock worth $399,205,000 after purchasing an additional 193,497 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Interactive Brokers Group by 8,249.3% in the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider’s stock valued at $263,950,000 after buying an additional 1,476,135 shares in the last quarter. 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.