Interactive Brokers Group (IBKR) Price Target Increased to $60.00 by Analysts at SunTrust Banks
Interactive Brokers Group (NASDAQ:IBKR) had its price target lifted by SunTrust Banks from $2.00 to $60.00 in a research report issued on Wednesday, The Fly reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. SunTrust Banks’ target price suggests a potential downside of 3.92% from the stock’s current price. The analysts noted that the move was a valuation call.
Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 16th. Zacks Investment Research raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Tuesday, September 19th. Finally, Goldman Sachs Group lowered shares of Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 target price on the stock. in a research report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $50.33.
Shares of Interactive Brokers Group (NASDAQ IBKR) opened at $62.45 on Wednesday. The stock has a market cap of $25,978.65, a PE ratio of 53.84, a price-to-earnings-growth ratio of 3.37 and a beta of 1.02. Interactive Brokers Group has a 12 month low of $33.01 and a 12 month high of $64.03.
Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.05. The business had revenue of $426.00 million for the quarter, compared to analyst estimates of $382.85 million. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. equities analysts anticipate that Interactive Brokers Group will post 1.49 earnings per share for the current fiscal year.
In other Interactive Brokers Group news, CAO Denis Mendonca sold 1,156 shares of Interactive Brokers Group stock in a transaction on Friday, October 20th. The shares were sold at an average price of $49.50, for a total value of $57,222.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Paul Jonathan Brody sold 11,171 shares of Interactive Brokers Group stock in a transaction on Friday, October 20th. The stock was sold at an average price of $49.36, for a total transaction of $551,400.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 345,321 shares of company stock worth $18,129,724. 3.41% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of IBKR. The Manufacturers Life Insurance Company lifted its position in Interactive Brokers Group by 27.9% during the second quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 647 shares during the period. Riverhead Capital Management LLC lifted its position in Interactive Brokers Group by 71.9% during the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 1,295 shares during the period. World Asset Management Inc acquired a new position in Interactive Brokers Group during the third quarter valued at $214,000. Everence Capital Management Inc. acquired a new position in Interactive Brokers Group during the third quarter valued at $224,000. Finally, Teacher Retirement System of Texas acquired a new position in Interactive Brokers Group during the third quarter valued at $240,000. Institutional investors and hedge funds own 15.79% of the company’s stock.
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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