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

Wall Street Zen upgraded shares of Interactive Brokers Group (NASDAQ:IBKR - Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

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

Interactive Brokers Group Price Performance

IBKR traded up $1.11 during mid-day trading on Friday, hitting $51.64. The stock had a trading volume of 3,338,211 shares, compared to its average volume of 5,676,802. The stock's fifty day simple moving average is $48.25 and its 200-day simple moving average is $47.74. The firm has a market capitalization of $87.30 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. Interactive Brokers Group has a 1-year low of $25.92 and a 1-year high of $59.13.

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

Interactive Brokers Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Friday, May 30th. Interactive Brokers Group's dividend payout ratio is currently 17.30%.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new stake in Interactive Brokers Group in the first quarter valued at approximately $26,000. Blue Trust Inc. raised its stake in Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 88 shares during the period. Rialto Wealth Management LLC acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $33,000. Aster Capital Management DIFC Ltd lifted its holdings in Interactive Brokers Group by 39.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 53 shares during the last quarter. Finally, City Holding Co. bought a new position in Interactive Brokers Group during the first quarter worth $33,000. 23.80% of the stock is owned by institutional investors.

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.