Keefe, Bruyette & Woods Reaffirms Market Perform Rating for Interactive Brokers Group (NASDAQ:IBKR)

Interactive Brokers Group (NASDAQ:IBKR)‘s stock had its “market perform” rating restated by equities researchers at Keefe, Bruyette & Woods in a research note issued on Wednesday,Benzinga reports. They currently have a $75.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 10.12% from the stock’s current price.

IBKR has been the subject of several other reports. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Barclays set a $83.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday, January 21st. BMO Capital Markets increased their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Finally, Jefferies Financial Group reduced their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a report on Monday. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $76.75.

Interactive Brokers Group Stock Down 0.7%

IBKR stock opened at $68.11 on Wednesday. The firm has a market cap of $115.54 billion, a PE ratio of 30.75, a P/E/G ratio of 1.90 and a beta of 1.25. The business has a 50 day moving average of $70.65 and a 200-day moving average of $68.90. Interactive Brokers Group has a 12-month low of $36.03 and a 12-month high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.Interactive Brokers Group’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. On average, research analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 145,000 shares of the stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the completion of the transaction, the insider directly owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. This represents a 48.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 400,000 shares of company stock worth $30,725,122 over the last three months. 2.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors and hedge funds have recently bought and sold shares of the company. HM Payson & Co. lifted its position in shares of Interactive Brokers Group by 5.8% during the fourth quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 133 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in shares of Interactive Brokers Group by 1.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock worth $738,000 after acquiring an additional 143 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Interactive Brokers Group by 1.0% during the third quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock worth $1,059,000 after acquiring an additional 145 shares in the last quarter. Caitlin John LLC lifted its position in shares of Interactive Brokers Group by 0.6% during the third quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock worth $1,734,000 after acquiring an additional 153 shares in the last quarter. Finally, S&CO Inc. lifted its position in shares of Interactive Brokers Group by 0.3% during the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock worth $4,056,000 after acquiring an additional 160 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.