Goldman Sachs Group Reiterates Sell Rating for Interactive Brokers Group (IBKR)

Interactive Brokers Group (NASDAQ:IBKR)‘s stock had its “sell” rating restated by equities researchers at Goldman Sachs Group in a research note issued to investors on Friday. They currently have a $64.00 target price on the financial services provider’s stock, up from their previous target price of $61.00. Goldman Sachs Group’s price objective indicates a potential downside of 7.55% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research report on Friday. Sandler O’Neill reaffirmed a “buy” rating on shares of Interactive Brokers Group in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, SunTrust Banks increased their target price 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $51.17.

Shares of Interactive Brokers Group (NASDAQ:IBKR) opened at $69.23 on Friday. Interactive Brokers Group has a 12-month low of $33.01 and a 12-month high of $69.66. The stock has a market cap of $28,502.55, a PE ratio of 64.70, a P/E/G ratio of 3.34 and a beta of 1.05.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $515.00 million during the quarter, compared to analysts’ expectations of $398.05 million. During the same period last year, the business earned $0.07 earnings per share. Interactive Brokers Group’s revenue was up 166.8% compared to the same quarter last year. research analysts forecast that Interactive Brokers Group will post 2.08 EPS for the current fiscal year.

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 32,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $62.80, for a total transaction of $2,009,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.41% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its stake in shares of Interactive Brokers Group by 4.0% in the third quarter. Prudential Financial Inc. now owns 115,814 shares of the financial services provider’s stock valued at $5,216,000 after purchasing an additional 4,475 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Interactive Brokers Group by 2.0% in the third quarter. Bank of New York Mellon Corp now owns 750,411 shares of the financial services provider’s stock valued at $33,799,000 after purchasing an additional 14,443 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Interactive Brokers Group by 5.5% in the third quarter. New York State Common Retirement Fund now owns 192,601 shares of the financial services provider’s stock valued at $8,675,000 after purchasing an additional 10,000 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Interactive Brokers Group by 14.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,259,199 shares of the financial services provider’s stock valued at $101,754,000 after purchasing an additional 284,389 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Interactive Brokers Group by 17.0% in the second quarter. Public Employees Retirement System of Ohio now owns 29,342 shares of the financial services provider’s stock valued at $1,098,000 after purchasing an additional 4,260 shares during the period. 15.22% of the stock is owned by institutional investors and hedge funds.

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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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