Interactive Brokers Group (NASDAQ:IBKR) Raised to "Hold" at Wall Street Zen

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

A number of other brokerages have also issued reports on IBKR. Piper Sandler decreased their target price on shares of Interactive Brokers Group from $52.50 to $48.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group increased their target price on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Barclays increased their target price on shares of Interactive Brokers Group from $47.00 to $48.25 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Bank of America decreased their target price on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup lowered shares of Interactive Brokers Group from a "buy" rating to a "neutral" rating and increased their target price for the company from $51.25 to $53.75 in a research report on Monday, June 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.38.

Interactive Brokers Group Trading Down 2.4%

Shares of IBKR stock opened at $51.34 on Friday. The company has a market capitalization of $86.79 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. The firm has a fifty day simple moving average of $48.11 and a 200-day simple moving average of $47.70. Interactive Brokers Group has a twelve month low of $25.92 and a twelve month high of $59.13.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. Equities research analysts predict that Interactive Brokers Group will post 7.46 EPS for the current year.

Institutional Investors Weigh In On Interactive Brokers Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. N.E.W. Advisory Services LLC bought a new position in Interactive Brokers Group in the first quarter worth $26,000. Blue Trust Inc. lifted its position in Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after purchasing an additional 88 shares during the period. Aster Capital Management DIFC Ltd lifted its holdings in shares of 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 acquiring an additional 53 shares during the period. Rialto Wealth Management LLC bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at $33,000. Finally, Bellwether Advisors LLC bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at $35,000. 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.

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