Interactive Brokers Group (NASDAQ:IBKR) Upgraded to “Strong-Buy” at Wolfe Research

Interactive Brokers Group (NASDAQ:IBKR) was upgraded by research analysts at Wolfe Research to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

IBKR has been the topic of a number of other research reports. Jefferies Financial Group dropped their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research report on Friday, May 1st. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. BMO Capital Markets upped their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.22.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $87.35 on Monday. The stock’s 50 day moving average price is $79.44 and its 200 day moving average price is $72.82. Interactive Brokers Group has a 52 week low of $49.15 and a 52 week high of $91.02. The company has a market capitalization of $148.18 billion, a P/E ratio of 37.65, a P/E/G ratio of 2.33 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. The firm’s revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts forecast that Interactive Brokers Group will post 2.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the sale, the director directly owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

Hedge funds have recently modified their holdings of the business. Reflection Asset Management bought a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $26,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $27,000. IMA Advisory Services Inc. raised its stake in shares of Interactive Brokers Group by 64.3% in the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 178 shares in the last quarter. Tobam acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at $30,000. Finally, Entrust Financial LLC acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at $31,000. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Company Profile

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.