Interactive Brokers Group, Inc. (NASDAQ:IBKR)‘s stock had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc. in a research note issued on Wednesday. They presently have a $40.00 target price on the financial services provider’s stock. SunTrust Banks, Inc.’s price objective points to a potential downside of 15.43% from the stock’s current price.

Several other equities analysts have also recently weighed in on IBKR. ValuEngine upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Zacks Investment Research upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating and set a $41.00 target price on the stock in a research note on Tuesday, June 20th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $38.00 target price on shares of Interactive Brokers Group in a research note on Friday, June 30th. BidaskClub upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Rosenblatt Securities started coverage on Interactive Brokers Group in a research note on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $40.33.

Interactive Brokers Group (NASDAQ IBKR) traded up 0.25% during trading on Wednesday, reaching $47.30. The company had a trading volume of 474,784 shares. The company has a market capitalization of $3.38 billion, a PE ratio of 46.19 and a beta of 0.96. Interactive Brokers Group has a 52-week low of $31.97 and a 52-week high of $47.58. The company has a 50 day moving average price of $42.63 and a 200 day moving average price of $38.04.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.05). Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The business had revenue of $387.00 million for the quarter, compared to the consensus estimate of $377.65 million. During the same quarter last year, the firm earned $0.40 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts forecast that Interactive Brokers Group will post $1.53 EPS for the current fiscal year.

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In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 11,310 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $40.31, for a total transaction of $455,906.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas Aj Frank sold 32,951 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $45.23, for a total value of $1,490,373.73. The disclosure for this sale can be found here. Insiders sold a total of 778,843 shares of company stock worth $32,996,640 in the last 90 days. Company insiders own 3.41% of the company’s stock.

Large investors have recently bought and sold shares of the business. Swiss National Bank increased its position in shares of Interactive Brokers Group by 1.2% during the 1st quarter. Swiss National Bank now owns 106,400 shares of the financial services provider’s stock worth $3,694,000 after purchasing an additional 1,300 shares during the last quarter. KCG Holdings Inc. increased its position in shares of Interactive Brokers Group by 8.4% during the 1st quarter. KCG Holdings Inc. now owns 11,854 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 917 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Interactive Brokers Group by 3.8% during the 2nd quarter. Baillie Gifford & Co. now owns 5,941,025 shares of the financial services provider’s stock worth $222,313,000 after purchasing an additional 215,591 shares during the last quarter. Oakcliff Capital Partners LP acquired a new position in shares of Interactive Brokers Group during the 1st quarter worth approximately $16,817,000. Finally, Quinn Opportunity Partners LLC increased its position in shares of Interactive Brokers Group by 10.1% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 380,856 shares of the financial services provider’s stock worth $14,252,000 after purchasing an additional 35,000 shares during the last quarter. 15.01% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

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