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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has received a consensus rating of “Hold” from the eight research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $53.00.

Several analysts recently commented on the company. Zacks Investment Research lowered Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Goldman Sachs Group lowered Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price objective for the company. in a report on Monday, January 8th. SunTrust Banks lifted their price objective on Interactive Brokers Group from $48.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday. They noted that the move was a valuation call. Finally, BidaskClub lowered Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Thursday, January 4th.

In other Interactive Brokers Group news, insider Thomas Aj Frank sold 32,670 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $50.59, for a total transaction of $1,652,775.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Paul Jonathan Brody sold 10,756 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $50.65, for a total value of $544,791.40. The disclosure for this sale can be found here. Insiders have sold 297,611 shares of company stock valued at $15,773,905 in the last three months. 3.41% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its holdings 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 grew its holdings 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. Creative Planning bought a new stake in Interactive Brokers Group during the fourth quarter valued at about $206,000. World Asset Management Inc bought a new stake in Interactive Brokers Group during the third quarter valued at about $214,000. Finally, Everence Capital Management Inc. bought a new stake in Interactive Brokers Group during the third quarter valued at about $224,000. 15.79% of the stock is owned by institutional investors and hedge funds.

Shares of Interactive Brokers Group (NASDAQ:IBKR) opened at $62.48 on Friday. The company has a market capitalization of $25,720.00, a price-to-earnings ratio of 57.85, a price-to-earnings-growth ratio of 3.02 and a beta of 1.02. Interactive Brokers Group has a fifty-two week low of $33.01 and a fifty-two week high of $64.03.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.07. Interactive Brokers Group had a return on equity of 1.74% and a net margin of 3.94%. The company had revenue of $515.00 million during the quarter, compared to analyst estimates of $398.05 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. Interactive Brokers Group’s revenue was up 166.8% compared to the same quarter last year. equities analysts anticipate that Interactive Brokers Group will post 2.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.64%. The ex-dividend date is Wednesday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 37.04%.

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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.

Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

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