Interactive Brokers Group (NASDAQ:IBKR) Stock Rating Lowered by 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 research note issued to investors on Friday.

A number of other research firms also recently commented on IBKR. Citigroup dropped their price objective on 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. The Goldman Sachs Group boosted 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. Piper Sandler dropped their price objective 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. Barclays boosted their price objective on Interactive Brokers Group from $188.00 to $193.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. Finally, Bank of America decreased their target price 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $213.50.

Interactive Brokers Group Stock Up 2.4%

Interactive Brokers Group stock traded up $5.01 during mid-day trading on Friday, hitting $211.83. 1,618,940 shares of the company's stock traded hands, compared to its average volume of 1,404,473. The firm has a 50 day moving average price of $183.02 and a 200 day moving average price of $189.67. The company has a market cap of $89.52 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. Interactive Brokers Group has a one year low of $103.69 and a one year high of $236.53.

Shares of Interactive Brokers Group are scheduled 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 market closes on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. On average, analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd raised its position in Interactive Brokers Group by 39.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock valued at $33,000 after buying an additional 53 shares during the period. Compound Planning Inc. raised its position in Interactive Brokers Group by 1.1% during the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock valued at $958,000 after buying an additional 62 shares during the period. CWM LLC raised its position in Interactive Brokers Group by 6.6% during the first quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock valued at $176,000 after buying an additional 66 shares during the period. Crossmark Global Holdings Inc. raised its position in Interactive Brokers Group by 0.8% during the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock valued at $1,410,000 after buying an additional 70 shares during the period. Finally, Quadrant Capital Group LLC raised its position in Interactive Brokers Group by 2.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider's stock valued at $502,000 after buying an additional 73 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

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.