Keefe, Bruyette & Woods Reaffirms Market Perform Rating for Interactive Brokers Group (NASDAQ:IBKR)

Interactive Brokers Group (NASDAQ:IBKR)‘s stock had its “market perform” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a report issued on Wednesday,Benzinga reports. They presently have a $75.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 10.12% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Barclays set a $83.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Jefferies Financial Group lowered their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday. BMO Capital Markets increased their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $76.75.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $68.11 on Wednesday. The company has a market cap of $115.54 billion, a P/E ratio of 30.75, a P/E/G ratio of 1.90 and a beta of 1.25. The stock’s fifty day moving average price is $70.65 and its two-hundred day moving average price is $68.90. Interactive Brokers Group has a 1 year low of $36.03 and a 1 year high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Insider Activity

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 400,000 shares of company stock valued at $30,725,122 in the last quarter. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

Large investors have recently added to or reduced their stakes in the company. National Pension Service raised its position in Interactive Brokers Group by 2.2% during the third quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock valued at $48,692,000 after purchasing an additional 15,339 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Interactive Brokers Group by 36.8% during the third quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock valued at $1,777,000 after buying an additional 7,234 shares during the last quarter. State of Michigan Retirement System grew its stake in shares of Interactive Brokers Group by 15.0% during the third quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock valued at $8,285,000 after buying an additional 15,684 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Interactive Brokers Group by 1,221.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock valued at $5,073,000 after buying an additional 68,148 shares during the last quarter. Finally, Convergence Investment Partners LLC bought a new position in shares of Interactive Brokers Group during the third quarter valued at about $2,468,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.