Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives Consensus Rating of "Moderate Buy" from Analysts

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $207.88.

A number of research analysts have recently commented on IBKR shares. Piper Sandler cut their target price on Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. UBS Group increased their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Bank of America lowered their target price on shares of Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Citigroup reduced their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, Barclays upped their target price on shares of Interactive Brokers Group from $188.00 to $193.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th.

Interactive Brokers Group Stock Down 0.0 %

NASDAQ IBKR traded down $0.01 during trading on Monday, hitting $169.05. 323,396 shares of the stock traded hands, compared to its average volume of 1,353,882. The company has a market capitalization of $71.43 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. Interactive Brokers Group has a 12-month low of $103.69 and a 12-month high of $236.53. The firm has a 50-day simple moving average of $177.95 and a 200-day simple moving average of $181.69.

Interactive Brokers Group shares are set to split on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $1.88 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.04). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. As a group, research analysts predict that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the stock in a transaction on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 2.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SkyView Investment Advisors LLC increased its holdings in Interactive Brokers Group by 1.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 36,971 shares of the financial services provider's stock worth $5,152,000 after buying an additional 460 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $89,000. Franklin Resources Inc. purchased a new position in shares of Interactive Brokers Group during the 3rd quarter valued at approximately $211,000. Lord Abbett & CO. LLC purchased a new stake in shares of Interactive Brokers Group during the 3rd quarter worth about $25,085,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Interactive Brokers Group by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider's stock worth $559,821,000 after buying an additional 11,379 shares during the period. Hedge funds and other institutional investors 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.