Interactive Brokers Group (NASDAQ:IBKR) Downgraded to "Sell" Rating by StockNews.com

StockNews.com lowered shares of Interactive Brokers Group (NASDAQ:IBKR - Free Report) from a hold rating to a sell rating in a research note published on Friday morning.

A number of other research firms have also commented on IBKR. Citigroup decreased their price objective on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Monday, January 13th. Barclays raised their price objective 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. UBS Group upped their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Bank of America reduced their price objective on Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.88.

Interactive Brokers Group Stock Up 6.8 %

Interactive Brokers Group stock traded up $10.68 during mid-day trading on Friday, hitting $168.16. The company's stock had a trading volume of 275,631 shares, compared to its average volume of 1,348,472. The stock has a market capitalization of $71.06 billion, a P/E ratio of 23.82, a P/E/G ratio of 1.59 and a beta of 1.02. Interactive Brokers Group has a twelve month low of $103.69 and a twelve month high of $236.53. The stock's fifty day moving average price is $180.70 and its two-hundred day moving average price is $181.68.

Interactive Brokers Group shares are set 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 posted its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.04). The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Equities analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in Interactive Brokers Group by 8,249.3% during the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock valued at $263,950,000 after purchasing an additional 1,476,135 shares during the period. Norges Bank bought a new stake in Interactive Brokers Group during the 4th quarter valued at approximately $229,316,000. Bank of America Corp DE boosted its stake in Interactive Brokers Group by 91.4% during the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock valued at $413,226,000 after purchasing an additional 1,117,186 shares during the period. Raymond James Financial Inc. bought a new stake in Interactive Brokers Group during the 4th quarter valued at approximately $120,046,000. Finally, GAMMA Investing LLC boosted its stake in Interactive Brokers Group by 22,211.1% during the 1st quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider's stock valued at $701,950,000 after purchasing an additional 422,010 shares during the period. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Company Profile

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.