Interactive Brokers Group (NASDAQ:IBKR) Rating Lowered to "Neutral" at Citigroup

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) was downgraded by research analysts at Citigroup from a "buy" rating to a "neutral" rating in a report issued on Monday, MarketBeat Ratings reports. They presently have a $215.00 price target on the financial services provider's stock, up from their prior price target of $205.00. Citigroup's target price indicates a potential upside of 4.89% from the stock's current price.

IBKR has been the subject of several other reports. The Goldman Sachs Group raised their price objective on Interactive Brokers Group from $212.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Barclays increased their price target on Interactive Brokers Group from $188.00 to $193.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Wall Street Zen cut Interactive Brokers Group from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Piper Sandler reduced their price objective on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America decreased 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 report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average price target of $213.50.

Interactive Brokers Group Price Performance

Shares of IBKR traded up $0.47 during midday trading on Monday, reaching $204.98. The stock had a trading volume of 726,555 shares, compared to its average volume of 1,410,082. The company has a market capitalization of $86.63 billion, a P/E ratio of 29.03, a P/E/G ratio of 1.59 and a beta of 1.25. The firm's 50 day moving average price is $185.71 and its 200-day moving average price is $189.97. Interactive Brokers Group has a 52 week low of $103.69 and a 52 week high of $236.53.

Interactive Brokers Group's stock is scheduled to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly minted 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 earnings results 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 analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. On average, equities analysts forecast that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Hedge Funds Weigh In On Interactive Brokers Group

A number of large investors have recently made changes to their positions in IBKR. First Hawaiian Bank grew its position in Interactive Brokers Group by 334.1% during the first quarter. First Hawaiian Bank now owns 7,557 shares of the financial services provider's stock valued at $1,251,000 after purchasing an additional 5,816 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Interactive Brokers Group by 19.5% during the 1st quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider's stock valued at $7,839,000 after buying an additional 7,734 shares during the period. Strs Ohio acquired a new stake in shares of Interactive Brokers Group during the 1st quarter valued at $1,493,000. IFM Investors Pty Ltd purchased a new position in shares of Interactive Brokers Group during the 1st quarter valued at $3,707,000. Finally, Intech Investment Management LLC increased its stake in shares of Interactive Brokers Group by 176.2% in the first quarter. Intech Investment Management LLC now owns 138,146 shares of the financial services provider's stock worth $22,876,000 after acquiring an additional 88,136 shares during the last quarter. 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.