Interactive Brokers Group (NASDAQ:IBKR) Rating Lowered to Sell at Wall Street Zen

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Friday.

Other research analysts also recently issued research reports about the company. Bank of America dropped their price objective on Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group increased their target price on shares of Interactive Brokers Group from $212.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Citigroup dropped their target price on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Piper Sandler dropped their target price on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays increased their target price on shares of Interactive Brokers Group from $188.00 to $193.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $213.50.

Interactive Brokers Group Stock Down 3.4%

Interactive Brokers Group stock traded down $7.16 during trading on Friday, reaching $204.67. The stock had a trading volume of 2,011,482 shares, compared to its average volume of 1,409,034. Interactive Brokers Group has a 52-week low of $103.69 and a 52-week high of $236.53. The business has a 50 day moving average price of $183.63 and a 200 day moving average price of $189.76. The stock has a market cap of $86.50 billion, a PE ratio of 28.99, a P/E/G ratio of 1.59 and a beta of 1.25.

Interactive Brokers Group's stock is set to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly issued shares will be issued to shareholders after the market closes on Tuesday, June 17th.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Militia Capital Partners LP purchased a new position in Interactive Brokers Group in the 1st quarter valued at $2,318,000. First Hawaiian Bank grew its position in Interactive Brokers Group by 334.1% in the 1st quarter. First Hawaiian Bank now owns 7,557 shares of the financial services provider's stock valued at $1,251,000 after buying an additional 5,816 shares during the last quarter. Inspire Investing LLC grew its position in Interactive Brokers Group by 19.5% in 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 last quarter. Strs Ohio purchased a new stake in shares of Interactive Brokers Group in the first quarter valued at about $1,493,000. Finally, IFM Investors Pty Ltd purchased a new stake in shares of Interactive Brokers Group in the first quarter valued at about $3,707,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

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.