Interactive Brokers Group, Inc. (IBKR) PT Raised to $48.00
Interactive Brokers Group, Inc. (NASDAQ:IBKR) had its price objective hoisted by investment analysts at SunTrust Banks, Inc. to $48.00 in a research note issued to investors on Wednesday. The brokerage presently has an “average” rating on the financial services provider’s stock. SunTrust Banks, Inc.’s price target points to a potential downside of 2.87% from the stock’s previous close.
A number of other brokerages have also weighed in on IBKR. BidaskClub raised shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Rosenblatt Securities initiated coverage on shares of Interactive Brokers Group in a research note on Thursday, July 13th. They issued a “neutral” rating and a $40.00 price target on the stock. Zacks Investment Research raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Tuesday, September 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $38.00 price target on shares of Interactive Brokers Group in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.67.
Shares of Interactive Brokers Group (NASDAQ IBKR) traded down 0.06% during trading on Wednesday, hitting $49.39. The stock had a trading volume of 725,482 shares. The firm has a market cap of $3.51 billion, a P/E ratio of 42.47 and a beta of 0.96. The firm has a 50 day moving average price of $44.82 and a 200 day moving average price of $39.11. Interactive Brokers Group has a 12-month low of $31.97 and a 12-month high of $50.73.
Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.05. Interactive Brokers Group had a return on equity of 1.35% and a net margin of 5.29%. The firm had revenue of $426.00 million for the quarter, compared to analysts’ expectations of $382.85 million. During the same period last year, the firm earned $0.30 EPS. The company’s quarterly revenue was up 23.5% on a year-over-year basis. On average, equities analysts expect that Interactive Brokers Group will post $1.63 earnings per share for the current fiscal year.
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In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 1,657 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $40.42, for a total value of $66,975.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas Aj Frank sold 16,580 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $40.42, for a total transaction of $670,163.60. The disclosure for this sale can be found here. Insiders sold a total of 1,099,224 shares of company stock worth $48,268,840 over the last ninety days. 3.41% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IBKR. BlackRock Inc. lifted its stake in Interactive Brokers Group by 75,132.1% in the 1st quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock worth $230,176,000 after purchasing an additional 6,620,639 shares in the last quarter. Cantillon Capital Management LLC purchased a new position in Interactive Brokers Group in the 2nd quarter worth approximately $72,067,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Interactive Brokers Group by 68.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,974,810 shares of the financial services provider’s stock worth $73,898,000 after purchasing an additional 803,838 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Interactive Brokers Group by 1,338.2% in the 2nd quarter. Victory Capital Management Inc. now owns 445,834 shares of the financial services provider’s stock worth $16,684,000 after purchasing an additional 414,835 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Interactive Brokers Group by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 5,822,138 shares of the financial services provider’s stock worth $202,144,000 after purchasing an additional 320,626 shares in the last quarter. 15.01% of the stock is currently owned by institutional investors and hedge funds.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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