Interactive Brokers Group (NASDAQ:IBKR) Stock Rating Lowered by Zacks Research

Interactive Brokers Group (NASDAQ:IBKR) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, Zacks reports.

Several other research analysts have also recently issued reports on IBKR. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Interactive Brokers Group in a research report on Wednesday, September 2nd. BMO Capital Markets restated an “outperform” rating and set a $110.00 target price (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Wolfe Research initiated coverage on shares of Interactive Brokers Group in a research note on Monday, June 8th. They set an “outperform” rating and a $101.00 price target on the stock. Barclays set a $114.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Finally, Raymond James Financial initiated coverage on shares of Interactive Brokers Group in a research note on Wednesday, August 26th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.90.

Interactive Brokers Group Trading Down 0.6%

Shares of IBKR stock opened at $89.24 on Thursday. The company has a market cap of $151.83 billion, a price-to-earnings ratio of 35.70, a price-to-earnings-growth ratio of 1.66 and a beta of 1.35. The stock has a 50 day simple moving average of $91.27 and a 200-day simple moving average of $85.07. Interactive Brokers Group has a 12-month low of $58.95 and a 12-month high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. On average, equities analysts forecast that Interactive Brokers Group will post 2.68 earnings per share for the current fiscal year.

Institutional Trading of Interactive Brokers Group

A number of institutional investors have recently bought and sold shares of the company. Vise Technologies Inc. boosted its position in shares of Interactive Brokers Group by 151.8% in the 4th quarter. Vise Technologies Inc. now owns 24,209 shares of the financial services provider’s stock worth $1,557,000 after buying an additional 14,593 shares in the last quarter. Cetera Investment Advisers increased its holdings in Interactive Brokers Group by 30.1% during the 1st quarter. Cetera Investment Advisers now owns 209,311 shares of the financial services provider’s stock valued at $14,038,000 after acquiring an additional 48,443 shares in the last quarter. MUFG Securities EMEA plc increased its holdings in Interactive Brokers Group by 1,223.3% during the 4th quarter. MUFG Securities EMEA plc now owns 112,774 shares of the financial services provider’s stock valued at $7,252,000 after acquiring an additional 104,252 shares in the last quarter. Progeny 3 Inc. raised its position in Interactive Brokers Group by 3.1% during the first quarter. Progeny 3 Inc. now owns 2,195,640 shares of the financial services provider’s stock worth $147,262,000 after acquiring an additional 65,880 shares during the last quarter. Finally, DUTCH ASSET Corp raised its position in Interactive Brokers Group by 22.3% during the first quarter. DUTCH ASSET Corp now owns 65,098 shares of the financial services provider’s stock worth $4,366,000 after acquiring an additional 11,852 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and related financial services to individual investors, financial professionals, hedge funds, proprietary trading groups and other institutional clients. Through its online platforms, the company offers access to stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and other investment products.

The company operates a technology-focused brokerage platform designed to provide access to multiple markets and asset classes from a single account.