Interactive Brokers Group, Inc. (NASDAQ:IBKR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

According to Zacks, “Interactive Brokers’ shares have outperformed the Zacks categorized Investment Brokers industry over the last three months. Going forward, the company plans to focus on strengthening its Electronic Brokerage segment. Notably, in May, the company announced a deal to divest its U.S. options-market-making business. While low level of compensation expenses relative to net revenue remains a major catalyst for the company, the restructuring effort is expected to lead to near-term rise in severance and other costs related to segment closure. Also, the company’s high dependence on the IBG LLC segment is a matter of concern and might hurt its financials if the segment fails to provide sufficient funds for tax payments.”

Several other equities analysts have also issued reports on IBKR. SunTrust Banks, Inc. reissued a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a research note on Thursday. BidaskClub raised Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Thursday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a research note on Friday, June 30th. ValuEngine raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. Finally, Wells Fargo & Company lowered Interactive Brokers Group from a “market perform” rating to an “underperform” rating in a research note on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $38.80.

Shares of Interactive Brokers Group (IBKR) traded down 0.56% during trading on Friday, hitting $37.44. The stock had a trading volume of 324,736 shares. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 34.38 and a beta of 0.93. The company’s 50 day moving average price is $35.98 and its 200 day moving average price is $36.52. Interactive Brokers Group has a 12 month low of $31.97 and a 12 month high of $39.68.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, April 18th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.05. Interactive Brokers Group had a return on equity of 1.28% and a net margin of 5.45%. The firm had revenue of $374 million for the quarter, compared to analyst estimates of $396.98 million. During the same period in the previous year, the company posted $0.51 EPS. Interactive Brokers Group’s revenue was down 23.5% on a year-over-year basis. Equities research analysts expect that Interactive Brokers Group will post $1.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Thursday, June 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Tuesday, May 30th. Interactive Brokers Group’s dividend payout ratio is currently 36.04%.

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Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in Interactive Brokers Group by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 7,540 shares of the financial services provider’s stock worth $261,000 after buying an additional 160 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Interactive Brokers Group by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 15,530 shares of the financial services provider’s stock worth $539,000 after buying an additional 190 shares in the last quarter. Prudential Financial Inc. raised its stake in Interactive Brokers Group by 0.3% in the first quarter. Prudential Financial Inc. now owns 113,689 shares of the financial services provider’s stock worth $3,947,000 after buying an additional 390 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Interactive Brokers Group by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 27,700 shares of the financial services provider’s stock worth $962,000 after buying an additional 400 shares in the last quarter. Finally, Gotham Asset Management LLC raised its stake in Interactive Brokers Group by 4.7% in the first quarter. Gotham Asset Management LLC now owns 10,591 shares of the financial services provider’s stock worth $368,000 after buying an additional 479 shares in the last quarter. 14.34% of the stock is currently owned by institutional investors.

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 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

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