Interactive Brokers Group, Inc. (IBKR) Receives Average Rating of “Hold” from Brokerages

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $42.60.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Tuesday, September 19th. BidaskClub raised shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Finally, SunTrust Banks increased their price target on shares of Interactive Brokers Group to $48.00 and gave the company an “average” rating in a report on Wednesday, October 18th.

In related news, CAO Denis Mendonca sold 1,156 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $49.50, for a total transaction of $57,222.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas Aj Frank sold 73,265 shares of Interactive Brokers Group stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $53.90, for a total transaction of $3,948,983.50. The disclosure for this sale can be found here. Insiders sold a total of 1,095,957 shares of company stock valued at $52,044,877 in the last 90 days. Corporate insiders own 3.41% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in IBKR. Teachers Advisors LLC boosted its stake in Interactive Brokers Group by 2.6% during the 1st quarter. Teachers Advisors LLC now owns 68,656 shares of the financial services provider’s stock worth $2,384,000 after acquiring an additional 1,771 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Interactive Brokers Group by 9.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 179,299 shares of the financial services provider’s stock valued at $6,226,000 after buying an additional 15,242 shares in the last quarter. Aperio Group LLC lifted its stake in Interactive Brokers Group by 16.9% in the second quarter. Aperio Group LLC now owns 12,321 shares of the financial services provider’s stock valued at $461,000 after buying an additional 1,785 shares in the last quarter. US Bancorp DE lifted its stake in Interactive Brokers Group by 42.7% in the second quarter. US Bancorp DE now owns 42,299 shares of the financial services provider’s stock valued at $1,583,000 after buying an additional 12,649 shares in the last quarter. Finally, Hartford Investment Management Co. bought a new position in Interactive Brokers Group in the second quarter valued at approximately $239,000. 15.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group (IBKR) opened at $57.06 on Friday. Interactive Brokers Group has a 12 month low of $33.01 and a 12 month high of $57.65. The stock has a market cap of $23,141.99, a price-to-earnings ratio of 48.46, a P/E/G ratio of 2.84 and a beta of 1.01.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The firm had revenue of $426.00 million during the quarter, compared to the consensus estimate of $382.85 million. During the same period in the prior year, the firm earned $0.30 EPS. The business’s revenue was up 23.5% on a year-over-year basis. equities research analysts expect that Interactive Brokers Group will post 1.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, December 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, November 30th. Interactive Brokers Group’s payout ratio is presently 34.48%.

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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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