M&T Bank Corp lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 39.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,510 shares of the financial services provider's stock after selling 4,880 shares during the quarter. M&T Bank Corp's holdings in Interactive Brokers Group were worth $1,244,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of IBKR. Blackhawk Capital Partners LLC. lifted its holdings in shares of Interactive Brokers Group by 28.2% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 12,308 shares of the financial services provider's stock worth $2,038,000 after buying an additional 2,705 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Interactive Brokers Group by 0.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock worth $1,410,000 after purchasing an additional 70 shares during the last quarter. BOCHK Asset Management Ltd lifted its stake in shares of Interactive Brokers Group by 17,328.6% during the 1st quarter. BOCHK Asset Management Ltd now owns 61,000 shares of the financial services provider's stock worth $10,101,000 after purchasing an additional 60,650 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Interactive Brokers Group by 185.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 6,236 shares of the financial services provider's stock worth $1,033,000 after purchasing an additional 4,050 shares during the last quarter. Finally, HM Payson & Co. lifted its stake in shares of Interactive Brokers Group by 642.0% during the 1st quarter. HM Payson & Co. now owns 371 shares of the financial services provider's stock worth $61,000 after purchasing an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on IBKR shares. Bank of America reduced their target price on Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group raised their target price on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Barclays reissued an "overweight" rating and issued a $65.00 price objective on shares of Interactive Brokers Group in a report on Thursday, July 10th. Finally, Citigroup raised their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $58.38.
View Our Latest Stock Report on IBKR
Interactive Brokers Group Stock Performance
Shares of NASDAQ IBKR traded up $4.43 during trading on Friday, reaching $63.86. The stock had a trading volume of 5,750,137 shares, compared to its average volume of 5,812,662. Interactive Brokers Group, Inc. has a fifty-two week low of $25.92 and a fifty-two week high of $65.44. The business's 50-day moving average price is $53.49 and its 200-day moving average price is $49.23. The company has a market cap of $107.95 billion, a P/E ratio of 34.50, a PEG ratio of 2.70 and a beta of 1.25.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.97% and a net margin of 9.53%. The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the previous year, the firm posted $1.76 EPS. Interactive Brokers Group's revenue for the quarter was up 14.7% on a year-over-year basis. Analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.
Interactive Brokers Group Company Profile
(
Free Report)
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.
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