Interactive Brokers Group (NASDAQ:IBKR) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Interactive Brokers Group (NASDAQ:IBKR) from a sell rating to a hold rating in a research note released on Saturday morning.

Other equities research analysts have also issued reports about the stock. Bank of America reduced their price objective on shares of Interactive Brokers Group from $66.25 to $60.75 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Citigroup downgraded shares of Interactive Brokers Group from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $51.25 to $53.75 in a research note on Monday, June 9th. Piper Sandler decreased their price target on Interactive Brokers Group from $52.50 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Finally, Barclays raised their target price on Interactive Brokers Group from $47.00 to $48.25 and gave the stock an “overweight” rating in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.38.

Interactive Brokers Group Trading Down 1.6%

NASDAQ IBKR opened at $50.53 on Friday. The stock has a market cap of $85.42 billion, a PE ratio of 27.35, a P/E/G ratio of 2.78 and a beta of 1.25. Interactive Brokers Group has a twelve month low of $25.92 and a twelve month high of $59.13. The stock has a fifty day simple moving average of $48.25 and a 200-day simple moving average of $47.74.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 15th. The financial services provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. Research analysts predict that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Friday, May 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.30%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of Interactive Brokers Group by 34.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 480 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 122 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Interactive Brokers Group by 1,434.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,688 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 1,578 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $58,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Interactive Brokers Group by 151.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 157 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Interactive Brokers Group by 6.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 17,008 shares of the financial services provider’s stock valued at $3,005,000 after purchasing an additional 990 shares during the period. 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.