Interactive Brokers Group Inc. (IBKR) Given Consensus Recommendation of “Hold” by Analysts
Interactive Brokers Group Inc. (NASDAQ:IBKR) has earned an average recommendation of “Hold” from the six research firms that are covering the firm. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $40.22.
Separately, Zacks Investment Research downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th.
Large investors have recently made changes to their positions in the company. Baillie Gifford & Co. boosted its stake in shares of Interactive Brokers Group by 418.7% in the second quarter. Baillie Gifford & Co. now owns 5,639,535 shares of the company’s stock valued at $199,639,000 after buying an additional 4,552,259 shares during the last quarter. Scopia Capital Management LP boosted its stake in Interactive Brokers Group by 88.1% in the first quarter. Scopia Capital Management LP now owns 3,537,665 shares of the company’s stock worth $139,101,000 after buying an additional 1,656,925 shares during the last quarter. BlueMountain Capital Management LLC purchased a new stake in Interactive Brokers Group during the first quarter worth approximately $49,949,000. Fiera Capital Corp purchased a new stake in Interactive Brokers Group during the second quarter worth approximately $33,675,000. Finally, Columbia Wanger Asset Management LLC purchased a new stake in Interactive Brokers Group during the second quarter worth approximately $28,917,000. 84.60% of the stock is owned by hedge funds and other institutional investors.
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Shares of Interactive Brokers Group (NASDAQ:IBKR) traded down 1.61% during trading on Monday, hitting $35.34. 141,595 shares of the company’s stock were exchanged. The stock has a market cap of $2.38 billion, a P/E ratio of 23.42 and a beta of 0.93. The firm has a 50-day moving average price of $35.86 and a 200-day moving average price of $36.82. Interactive Brokers Group has a one year low of $29.50 and a one year high of $44.85.
Interactive Brokers Group Company Profile
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 100 electronic exchanges and trading venues around the world.
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