Interactive Brokers Group (NASDAQ:IBKR) Upgraded to “Hold” at UBS Group

UBS Group upgraded shares of Interactive Brokers Group (NASDAQ:IBKR) to a hold rating in a report released on Tuesday morning,Zacks reports.

Other equities research analysts have also recently issued reports about the company. Barclays set a $114.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. BMO Capital Markets reiterated an “outperform” rating and issued a $110.00 price objective (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Raymond James Financial initiated coverage on shares of Interactive Brokers Group in a research report on Wednesday, August 26th. They issued a “market perform” rating for the company. Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Finally, China Renaissance began coverage on Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.90.

Interactive Brokers Group Stock Down 7.1%

Shares of NASDAQ:IBKR opened at $90.39 on Tuesday. The company has a market capitalization of $153.79 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.35. The company has a 50 day moving average of $92.03 and a two-hundred day moving average of $82.83. Interactive Brokers Group has a 52-week low of $58.95 and a 52-week high of $98.75.

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

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.00%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IBKR. Reflection Asset Management purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth $26,000. IMA Advisory Services Inc. grew its stake in Interactive Brokers Group by 64.3% in the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 178 shares in the last quarter. Tobam acquired a new position in Interactive Brokers Group in the 4th quarter worth about $30,000. Entrust Financial LLC purchased a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $31,000. Finally, SHP Wealth Management purchased a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.