Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives Average “Buy” Rating from Brokerages

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) received an average recommendation of “Buy” from the six rating agencies that currently cover the company, Marketbeat Ratings reports. A stock research analyst gave the stock a sell rating, one gave the company a hold rating and four gave the company a buy rating. The 12-month average target price among brokers who have issued ratings on the stock over the past year is $100.60.

A number of analysts have weighed in on IBKR stock recently. StockNews.com upgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a Tuesday, March 8 research report. Keefe, Bruyette & Woods upgraded Interactive Brokers Group from a “market performer” rating to an “outperformer” rating and set a price target of $90.00 on the stock in a research report from the Wednesday January 19. Goldman Sachs Group raised its price target on Interactive Brokers Group from $81.00 to $96.00 and gave the stock a “neutral” rating in a Tuesday, January 11 research report. Finally, Bank of America began covering Interactive Brokers Group in a research report on Wednesday, December 15. They set a “buy” rating and a price target of $126.00 on the stock.

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NASDAQ: IBKR traded at $0.50 during Monday trading hours, hitting $66.50. 2,309 shares were traded, against an average volume of 956,271. The company has a 50-day simple moving average of $67.40 and a 200-day simple moving average of $70.90. Interactive Brokers Group has a 52-week low of $56.95 and a 52-week high of $82.83. The stock has a market capitalization of $27.80 billion, a P/E ratio of 20.40, a P/E/G ratio of 0.79 and a beta of 0.75.

Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last released its results on Tuesday, January 18. The financial services provider reported EPS of $0.83 for the quarter, beating analyst consensus estimates of $0.82 by $0.01. Interactive Brokers Group achieved a return on equity of 3.25% and a net margin of 10.80%. The company posted revenue of $603.00 million for the quarter, versus a consensus estimate of $650.00 million. In the same quarter last year, the company posted EPS of $0.69. Research analysts predict that Interactive Brokers Group will post earnings per share of 3.67 for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 14. Investors of record on Tuesday, March 1 received a dividend of $0.10. This represents an annualized dividend of $0.40 and a yield of 0.60%. The ex-dividend date was Monday, February 28. The Interactive Brokers Group dividend payout ratio is currently 12.27%.

In related news, Chairman Thomas Peterffy sold 20,000 shares of the company in a trade that took place on Tuesday, March 22. The stock was sold at an average price of $67.70, for a total value of $1,354,000.00. The transaction was disclosed in a legal filing with the SEC, which is available via this link. Additionally, insider Thomas Aj Frank sold 16,055 shares of the company in a trade that took place on Monday, January 10. The shares were sold at an average price of $75.75, for a total value of $1,216,166.25. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 674,762 shares of the company worth $48,004,390. 5.72% of the shares are held by insiders.

A number of hedge funds and other institutional investors have recently changed their holdings in IBKR. First Horizon Advisors Inc. increased its stake in Interactive Brokers Group by 112.7% during the 4th quarter. First Horizon Advisors Inc. now owns 336 shares of the financial services provider worth $26,000 after buying an additional 178 shares in the last quarter. Quent Capital LLC bought a new position in Interactive Brokers Group during Q4 worth $28,000. Penserra Capital Management LLC bought a new position in Interactive Brokers Group during Q3 for $29,000. Fifth Third Bancorp increased its stake in Interactive Brokers Group by 72.4% during the fourth quarter. Fifth Third Bancorp now owns 381 shares of the financial services provider valued at $30,000 after buying an additional 160 shares in the last quarter. Finally, Westpac Banking Corp bought a new position in Interactive Brokers Group during Q4 worth $30,000. 18.92% of the shares are held by hedge funds and other institutional investors.

About Interactive Brokers Group (Get a rating)

Interactive Brokers Group, Inc operates as an investment holding company, which engages in brokerage or dealer and proprietary trading activities. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serves the clients of traditional brokers and prime brokers.

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