Interactive Brokers Group, Inc. (NASDAQ:IBKR) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday, August 1st.
A number of other brokerages have also recently commented on IBKR. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $38.00 price target on shares of Interactive Brokers Group in a research note on Thursday, July 6th. Rosenblatt Securities began coverage on Interactive Brokers Group in a research note on Thursday, July 13th. They issued a “neutral” rating and a $40.00 price target for the company. Zacks Investment Research cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $38.00 price target on shares of Interactive Brokers Group in a research note on Friday, June 30th. Finally, ValuEngine upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $39.17.
Interactive Brokers Group (IBKR) opened at 40.98 on Tuesday. Interactive Brokers Group has a 1-year low of $31.97 and a 1-year high of $41.78. The company has a market cap of $2.93 billion, a PE ratio of 40.02 and a beta of 0.94. The stock has a 50 day moving average price of $39.23 and a 200 day moving average price of $36.90.
Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.05. Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The business had revenue of $387 million for the quarter, compared to the consensus estimate of $377.65 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts forecast that Interactive Brokers Group will post $1.51 earnings per share for the current year.
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In other Interactive Brokers Group news, insider Thomas Aj Frank sold 16,751 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $40.30, for a total transaction of $675,065.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 1,657 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $40.42, for a total value of $66,975.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 161,078 shares of company stock valued at $6,555,727. 3.41% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Interactive Brokers Group by 75,132.1% in the first quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock worth $230,176,000 after buying an additional 6,620,639 shares during the last quarter. Cantillon Capital Management LLC purchased a new stake in shares of Interactive Brokers Group during the second quarter valued at approximately $72,067,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Interactive Brokers Group during the first quarter valued at approximately $40,656,000. OppenheimerFunds Inc. increased its stake in shares of Interactive Brokers Group by 3,912.4% in the first quarter. OppenheimerFunds Inc. now owns 888,917 shares of the financial services provider’s stock valued at $30,863,000 after buying an additional 866,763 shares in the last quarter. Finally, Bares Capital Management Inc. increased its stake in shares of Interactive Brokers Group by 24.4% in the first quarter. Bares Capital Management Inc. now owns 4,014,605 shares of the financial services provider’s stock valued at $139,387,000 after buying an additional 788,086 shares in the last quarter. Hedge funds and other institutional investors own 14.19% of the company’s stock.
About Interactive Brokers Group
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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