Interactive Brokers Group, Inc. (IBKR) Given Consensus Rating of “Hold” by Analysts

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been assigned an average rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $53.00.

Several analysts have issued reports on IBKR shares. Goldman Sachs Group downgraded shares of 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. BidaskClub lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 16th. SunTrust Banks raised their target price on shares of Interactive Brokers Group from $48.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, January 17th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Sandler O’Neill reaffirmed a “buy” rating on shares of Interactive Brokers Group in a research report on Friday, February 2nd.

Shares of Interactive Brokers Group (NASDAQ:IBKR) opened at $63.87 on Wednesday. The stock has a market cap of $26,300.00, a PE ratio of 59.14, a price-to-earnings-growth ratio of 2.99 and a beta of 1.05. Interactive Brokers Group has a 12 month low of $33.01 and a 12 month high of $67.42.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 37.04%.

In other news, Vice Chairman Earl H. Nemser sold 32,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $62.80, for a total transaction of $2,009,600.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.41% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Bares Capital Management Inc. increased its holdings in Interactive Brokers Group by 2.2% during the third quarter. Bares Capital Management Inc. now owns 4,562,008 shares of the financial services provider’s stock valued at $205,473,000 after buying an additional 97,099 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Interactive Brokers Group by 14.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,259,199 shares of the financial services provider’s stock valued at $101,754,000 after buying an additional 284,389 shares during the period. Dimensional Fund Advisors LP increased its holdings in Interactive Brokers Group by 5.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,111,835 shares of the financial services provider’s stock valued at $95,116,000 after buying an additional 114,869 shares during the period. Ruane Cunniff & Goldfarb Inc. increased its holdings in Interactive Brokers Group by 13.6% during the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 1,713,298 shares of the financial services provider’s stock valued at $77,167,000 after buying an additional 204,865 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Interactive Brokers Group by 105.4% during the third quarter. Victory Capital Management Inc. now owns 915,589 shares of the financial services provider’s stock valued at $41,238,000 after buying an additional 469,755 shares during the period. 15.74% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Interactive Brokers Group, Inc. (IBKR) Given Consensus Rating of “Hold” by Analysts” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.americanbankingnews.com/2018/02/14/interactive-brokers-group-inc-ibkr-given-consensus-rating-of-hold-by-analysts.html.

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)

Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply