Interactive Brokers Group (NASDAQ:IBKR) Upgraded by BMO Capital Markets to Strong-Buy Rating

Key Points

• Interactive Brokers Group has received an upgrade to a "strong-buy" rating from BMO Capital Markets, indicating positive expectations for the stock's performance.
• The company's stock price target has been raised by multiple analysts, with Piper Sandler setting it at $65.00 and Barclays raising it to $73.00.
• Despite the positive ratings, Interactive Brokers Group's stock has seen a slight decrease of 0.8% recently, trading at around $70.36.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) was upgraded by equities researchers at BMO Capital Markets to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.

A number of other research analysts also recently weighed in on the company. Weiss Ratings reissued a "hold (c+)" rating on shares of Interactive Brokers Group in a research note on Saturday, September 27th. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Piper Sandler increased their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Citigroup increased their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Barclays upped their price objective on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Interactive Brokers Group has a consensus rating of "Moderate Buy" and a consensus price target of $64.47.

Interactive Brokers Group Stock Down 0.8%

IBKR stock opened at $70.36 on Thursday. The business's fifty day moving average is $64.33 and its 200-day moving average is $54.56. The company has a market cap of $119.34 billion, a P/E ratio of 36.17, a price-to-earnings-growth ratio of 2.91 and a beta of 1.22. Interactive Brokers Group has a twelve month low of $32.82 and a twelve month high of $71.78.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The firm's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.76 EPS. Research analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the transaction, the insider owned 461,500 shares in the company, valued at approximately $31,146,635. This represents a 29.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the transaction, the chief financial officer owned 158,954 shares of the company's stock, valued at approximately $10,289,092.42. This represents a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,205,683 shares of company stock valued at $77,217,965. Corporate insiders own 2.97% of the company's stock.

Hedge Funds Weigh In On Interactive Brokers Group

Large investors have recently modified their holdings of the business. Compound Planning Inc. grew its position in Interactive Brokers Group by 1.1% in the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock worth $958,000 after purchasing an additional 62 shares in the last quarter. CWM LLC boosted its stake in Interactive Brokers Group by 6.6% in the first quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock valued at $176,000 after acquiring an additional 66 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Interactive Brokers Group by 0.8% in 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 acquiring an additional 70 shares during the last quarter. USS Investment Management Ltd boosted its stake in Interactive Brokers Group by 0.4% in the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider's stock valued at $3,339,000 after acquiring an additional 76 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its stake in Interactive Brokers Group by 4.1% in the first quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock valued at $329,000 after acquiring an additional 79 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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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