Interactive Brokers Group, Inc. (NASDAQ:IBKR)‘s stock had its “hold” rating restated by research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday.

A number of other research firms also recently weighed in on IBKR. Zacks Investment Research downgraded shares of Interactive Brokers Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 7th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $38.00 price target on shares of Interactive Brokers Group in a research report on Saturday, March 11th. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $37.00 price target on shares of Interactive Brokers Group in a research report on Saturday, March 11th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Interactive Brokers Group currently has a consensus rating of “Hold” and a consensus target price of $39.20.

Interactive Brokers Group (NASDAQ:IBKR) opened at 35.25 on Friday. The firm has a market capitalization of $2.40 billion, a PE ratio of 32.37 and a beta of 1.01. The stock has a 50 day moving average price of $34.89 and a 200-day moving average price of $36.65. Interactive Brokers Group has a one year low of $31.97 and a one year high of $40.38.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 18th. The financial services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by $0.05. Interactive Brokers Group had a net margin of 5.69% and a return on equity of 1.46%. The business had revenue of $374 million during the quarter, compared to analyst estimates of $396.98 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was down 23.5% on a year-over-year basis. On average, equities analysts forecast that Interactive Brokers Group will post $1.40 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Thursday, June 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.13%. Interactive Brokers Group’s payout ratio is 31.25%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in IBKR. Elkfork Partners LLC increased its position in shares of Interactive Brokers Group by 42.1% in the first quarter. Elkfork Partners LLC now owns 3,564 shares of the financial services provider’s stock valued at $124,000 after buying an additional 1,056 shares in the last quarter. Meadow Creek Investment Management LLC increased its position in shares of Interactive Brokers Group by 42.1% in the first quarter. Meadow Creek Investment Management LLC now owns 4,536 shares of the financial services provider’s stock valued at $158,000 after buying an additional 1,344 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Interactive Brokers Group by 42.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,508 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,632 shares in the last quarter. WFG Advisors LP increased its position in shares of Interactive Brokers Group by 468.7% in the fourth quarter. WFG Advisors LP now owns 2,946 shares of the financial services provider’s stock valued at $203,000 after buying an additional 2,428 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Interactive Brokers Group during the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 83.14% of the company’s stock.

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.

12 Month Chart for NASDAQ:IBKR

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