Interactive Brokers Group (NASDAQ:IBKR) Lowered to Sell Rating by StockNews.com

Interactive Brokers Group (NASDAQ:IBKR) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts also recently issued reports on the stock. Citigroup upped their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Keefe, Bruyette & Woods upped their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. UBS Group boosted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Barclays raised their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Stock Performance

IBKR stock opened at $173.08 on Wednesday. The stock’s 50 day simple moving average is $201.05 and its 200 day simple moving average is $179.46. The company has a market cap of $73.14 billion, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Interactive Brokers Group has a fifty-two week low of $103.69 and a fifty-two week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Interactive Brokers Group’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. Equities analysts predict that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.99% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors have recently added to or reduced their stakes in the business. Donoghue Forlines LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth approximately $2,088,000. Union Bancaire Privee UBP SA purchased a new position in Interactive Brokers Group in the 4th quarter worth approximately $3,750,000. Friedenthal Financial bought a new position in shares of Interactive Brokers Group in the 4th quarter worth $775,000. New Millennium Group LLC purchased a new position in Interactive Brokers Group in the fourth quarter worth $2,319,000. Finally, Caldwell Investment Management Ltd. bought a new position in Interactive Brokers Group in the fourth quarter valued at $1,215,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.