Interactive Brokers Group (NASDAQ:IBKR) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Interactive Brokers Group (NASDAQ:IBKR) from a hold rating to a buy rating in a research report report published on Monday, February 5th.

IBKR has been the topic of a number of other research reports. Zacks Investment Research cut shares of Interactive Brokers Group from a buy rating to a hold rating in a research note on Wednesday, January 3rd. Goldman Sachs Group cut shares of Interactive Brokers Group from a neutral rating to a sell rating and set a $59.00 target price on the stock. in a research note on Monday, January 8th. SunTrust Banks boosted their price target on shares of Interactive Brokers Group from $48.00 to $60.00 and gave the stock a hold rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. Finally, Sandler O’Neill reiterated a buy rating on shares of Interactive Brokers Group in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Interactive Brokers Group has a consensus rating of Hold and an average target price of $50.33.

Interactive Brokers Group (NASDAQ IBKR) opened at $63.87 on Monday. Interactive Brokers Group has a one year low of $33.01 and a one year high of $67.42. The firm has a market cap of $26,217.44, a price-to-earnings ratio of 59.69, a P/E/G ratio of 3.07 and a beta of 1.05.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 16th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Interactive Brokers Group had a net margin of 3.94% and a return on equity of 1.74%. The company had revenue of $515.00 million for the quarter, compared to analysts’ expectations of $398.05 million. During the same quarter in the previous year, the company earned $0.07 EPS. Interactive Brokers Group’s revenue for the quarter was up 166.8% on a year-over-year basis. analysts forecast that Interactive Brokers Group will post 2.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Thursday, March 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.63%. The ex-dividend date is Wednesday, February 28th. Interactive Brokers Group’s payout ratio is currently 37.38%.

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 32,000 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $62.80, for a total value of $2,009,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.41% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Interactive Brokers Group by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,882,768 shares of the financial services provider’s stock worth $220,132,000 after buying an additional 60,630 shares during the last quarter. Bares Capital Management Inc. increased its holdings in shares of Interactive Brokers Group by 2.2% in the 3rd quarter. Bares Capital Management Inc. now owns 4,562,008 shares of the financial services provider’s stock worth $205,473,000 after buying an additional 97,099 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Interactive Brokers Group by 14.4% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,259,199 shares of the financial services provider’s stock worth $101,754,000 after buying an additional 284,389 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Interactive Brokers Group by 5.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,111,835 shares of the financial services provider’s stock worth $95,116,000 after buying an additional 114,869 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb Inc. grew its holdings in Interactive Brokers Group by 13.6% during the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 1,713,298 shares of the financial services provider’s stock valued at $77,167,000 after purchasing an additional 204,865 shares during the last quarter. Hedge funds and other institutional investors own 15.74% of the company’s stock.

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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.

Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

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