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.
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.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Interactive Brokers Group right now?
Before you consider Interactive Brokers Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Interactive Brokers Group was not on the list.
Although Interactive Brokers Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here