Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Monday, Marketbeat reports. They currently have a $215.00 price target on the financial services provider’s stock, up from their previous price target of $205.00. Citigroup’s price objective suggests a potential upside of 4.85% from the company’s previous close.
A number of other research analysts also recently issued reports on IBKR. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $212.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Bank of America decreased their price target on Interactive Brokers Group from $265.00 to $243.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Barclays raised their target price on shares of Interactive Brokers Group from $188.00 to $193.00 and gave the company an “overweight” rating in a research note on Wednesday, April 16th. Wall Street Zen downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Friday, June 6th. Finally, Piper Sandler decreased their price objective on shares of Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average price target of $213.50.
Interactive Brokers Group Trading Up 0.2%
Interactive Brokers Group’s stock is set to split on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly issued shares will be issued to shareholders after the market closes on Tuesday, June 17th.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its earnings results on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.04). Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. As a group, sell-side analysts predict that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of IBKR. First Hawaiian Bank raised its position in shares of Interactive Brokers Group by 334.1% in the 1st quarter. First Hawaiian Bank now owns 7,557 shares of the financial services provider’s stock worth $1,251,000 after acquiring an additional 5,816 shares in the last quarter. Inspire Investing LLC increased its holdings in Interactive Brokers Group by 19.5% in the first quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider’s stock worth $7,839,000 after purchasing an additional 7,734 shares in the last quarter. Strs Ohio bought a new stake in Interactive Brokers Group in the first quarter worth approximately $1,493,000. IFM Investors Pty Ltd bought a new stake in shares of Interactive Brokers Group in the 1st quarter valued at $3,707,000. Finally, Intech Investment Management LLC increased its stake in shares of Interactive Brokers Group by 176.2% in the 1st quarter. Intech Investment Management LLC now owns 138,146 shares of the financial services provider’s stock valued at $22,876,000 after acquiring an additional 88,136 shares in the last quarter. 23.80% of the stock is owned by institutional investors.
About Interactive Brokers Group
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.
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