Interactive Brokers Group (IBKR) Stock Rating Reaffirmed by Sandler O’Neill

Interactive Brokers Group (NASDAQ:IBKR)‘s stock had its “buy” rating restated by research analysts at Sandler O’Neill in a note issued to investors on Friday.

A number of other brokerages have also recently weighed in on IBKR. SunTrust Banks upped their price objective on Interactive Brokers Group from $48.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. BidaskClub cut Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 16th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective for the company in a research note on Monday, January 8th. Finally, Goldman Sachs Group cut Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price objective for the company. in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given 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) traded down $1.41 during mid-day trading on Friday, hitting $65.39. The company’s stock had a trading volume of 646,394 shares, compared to its average volume of 853,117. Interactive Brokers Group has a twelve month low of $33.01 and a twelve month high of $67.42. The stock has a market cap of $26,345.07 and a PE ratio of 61.11.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $0.43 earnings per share 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 business had revenue of $515.00 million during the quarter, compared to analysts’ expectations of $398.05 million. During the same period in the prior year, the business earned $0.07 EPS. The business’s revenue for the quarter 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 fiscal year.

In related news, insider Thomas Aj Frank sold 54,903 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $54.21, for a total transaction of $2,976,291.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 32,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $62.80, for a total value of $2,009,600.00. The disclosure for this sale can be found here. Corporate insiders own 3.41% of the company’s stock.

A number of large investors have recently made changes to their positions in IBKR. Schwab Charles Investment Management Inc. increased its position in Interactive Brokers Group by 1.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 182,308 shares of the financial services provider’s stock valued at $6,822,000 after buying an additional 3,009 shares in the last quarter. JPMorgan Chase & Co. increased its position in Interactive Brokers Group by 166.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 61,347 shares of the financial services provider’s stock valued at $2,296,000 after buying an additional 38,338 shares in the last quarter. Alliancebernstein L.P. increased its position in Interactive Brokers Group by 0.6% during the 2nd quarter. Alliancebernstein L.P. now owns 34,504 shares of the financial services provider’s stock valued at $1,291,000 after buying an additional 196 shares in the last quarter. Riverhead Capital Management LLC increased its position in Interactive Brokers Group by 71.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after buying an additional 1,295 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in Interactive Brokers Group by 10.7% during the 2nd quarter. Teachers Advisors LLC now owns 75,974 shares of the financial services provider’s stock valued at $2,843,000 after buying an additional 7,318 shares in the last quarter. 15.79% of the stock is currently owned by institutional investors.

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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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