Interactive Brokers Group (NASDAQ:IBKR) Downgraded by StockNews.com to Sell

Interactive Brokers Group (NASDAQ:IBKR) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

A number of other equities analysts also recently issued reports on IBKR. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Barclays upped their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, UBS Group boosted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Stock Up 3.7 %

NASDAQ IBKR traded up $6.29 on Monday, hitting $174.40. 1,867,527 shares of the stock were exchanged, compared to its average volume of 1,147,365. Interactive Brokers Group has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The company has a 50-day moving average price of $204.36 and a 200-day moving average price of $175.76. The company has a market cap of $73.70 billion, a PE ratio of 24.70, a PEG ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Interactive Brokers Group’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.52 earnings per share. As a group, equities research analysts predict that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of the stock in a transaction on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake in Interactive Brokers Group by 8,249.3% in the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider’s stock worth $263,950,000 after purchasing an additional 1,476,135 shares in the last quarter. Norges Bank acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at $229,316,000. Bank of America Corp DE boosted its holdings in shares of Interactive Brokers Group by 91.4% in the fourth quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider’s stock valued at $413,226,000 after acquiring an additional 1,117,186 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Interactive Brokers Group during the 4th quarter valued at $120,046,000. Finally, Fullerton Fund Management Co Ltd. acquired a new position in Interactive Brokers Group during the fourth quarter worth about $69,057,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.