Interactive Brokers Group (NASDAQ:IBKR) Downgraded to Neutral Rating by Citigroup

Interactive Brokers Group (NASDAQ:IBKR) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, MarketBeat Ratings reports. They presently have a $215.00 price objective on the financial services provider’s stock. Citigroup’s price objective indicates a potential upside of 1.50% from the stock’s current price.

A number of other brokerages have also recently issued reports on IBKR. Bank of America decreased their target price on 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. Wall Street Zen cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Friday. The Goldman Sachs Group raised their target price on shares of Interactive Brokers Group from $212.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Piper Sandler lowered their price target on Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays lifted their price objective on Interactive Brokers Group from $188.00 to $193.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $213.50.

Interactive Brokers Group Stock Up 2.4%

NASDAQ IBKR opened at $211.83 on Monday. The stock has a market capitalization of $89.52 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. The company has a 50 day moving average price of $183.02 and a two-hundred day moving average price of $189.67. Interactive Brokers Group has a 12-month low of $103.69 and a 12-month high of $236.53.

Interactive Brokers Group shares are scheduled to split on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.04). The business 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%. As a group, equities analysts anticipate that Interactive Brokers Group will post 7.46 EPS for the current year.

Institutional Trading of Interactive Brokers Group

Several institutional investors have recently made changes to their positions in the business. Blue Trust Inc. raised its position in Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 88 shares in the last quarter. Choreo LLC lifted its holdings in shares of Interactive Brokers Group by 12.9% during the fourth quarter. Choreo LLC now owns 1,668 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 190 shares during the period. Bleakley Financial Group LLC bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $244,000. Wilmington Savings Fund Society FSB increased its position in shares of Interactive Brokers Group by 103.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 337 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 171 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in Interactive Brokers Group by 2,375.6% in the fourth quarter. Empowered Funds LLC now owns 37,975 shares of the financial services provider’s stock valued at $6,709,000 after buying an additional 36,441 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.