Jefferies Financial Group Lowers Interactive Brokers Group (NASDAQ:IBKR) Price Target to $81.00

Interactive Brokers Group (NASDAQ:IBKR) had its target price dropped by analysts at Jefferies Financial Group from $91.00 to $81.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 18.93% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. BMO Capital Markets upped their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $76.97.

Interactive Brokers Group Stock Down 0.7%

IBKR stock opened at $68.11 on Monday. The stock has a market capitalization of $115.54 billion, a P/E ratio of 30.75, a P/E/G ratio of 1.90 and a beta of 1.25. The firm has a 50-day simple moving average of $70.65 and a 200-day simple moving average of $68.90. Interactive Brokers Group has a 52 week low of $36.03 and a 52 week high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. On average, analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 145,000 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $77.85, for a total value of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares in the company, valued at $12,066,750. The trade was a 48.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 400,000 shares of company stock valued at $30,725,122. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Interactive Brokers Group by 26.4% in the 3rd quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock valued at $3,637,234,000 after purchasing an additional 11,048,679 shares during the last quarter. State Street Corp boosted its holdings in Interactive Brokers Group by 1.0% in the 4th quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock valued at $1,211,377,000 after purchasing an additional 187,763 shares during the last quarter. Cantillon Capital Management LLC boosted its holdings in Interactive Brokers Group by 0.8% in the 4th quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock valued at $820,589,000 after purchasing an additional 95,878 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Interactive Brokers Group by 17.6% in the 3rd quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock worth $750,110,000 after acquiring an additional 1,630,620 shares during the last quarter. Finally, Orbis Allan Gray Ltd lifted its holdings in shares of Interactive Brokers Group by 178.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after acquiring an additional 6,246,715 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.