Interactive Brokers Group (NASDAQ:IBKR) Lowered to Hold Rating by Zacks Research

Zacks Research lowered shares of Interactive Brokers Group (NASDAQ:IBKR) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

IBKR has been the topic of a number of other research reports. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. CICC Research initiated coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Finally, BMO Capital Markets increased their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.39.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $73.65 on Tuesday. The stock has a market capitalization of $124.92 billion, a P/E ratio of 33.25, a P/E/G ratio of 2.01 and a beta of 1.24. The business has a 50 day simple moving average of $71.74 and a 200 day simple moving average of $67.89. Interactive Brokers Group has a one year low of $32.82 and a one year high of $79.18.

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

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group’s payout ratio is currently 14.48%.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 400,000 shares of company stock valued at $30,725,122 over the last three months. Corporate insiders own 2.97% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Interactive Brokers Group by 303.9% during the 2nd quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock valued at $2,316,715,000 after acquiring an additional 31,458,885 shares in the last quarter. State Street Corp raised its holdings in shares of Interactive Brokers Group by 301.3% in the second quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock valued at $838,410,000 after purchasing an additional 11,360,260 shares during the last quarter. Greenwich Wealth Management LLC lifted its position in shares of Interactive Brokers Group by 301.6% during the second quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock valued at $602,004,000 after purchasing an additional 8,159,175 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Interactive Brokers Group by 227.7% during the second quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock worth $562,328,000 after purchasing an additional 7,051,682 shares during the last quarter. Finally, Norges Bank purchased a new position in Interactive Brokers Group during the fourth quarter worth about $453,146,000. Institutional investors own 23.80% of the company’s stock.

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.