Interactive Brokers Group (IBKR) Lowered to “Buy” at BidaskClub

Interactive Brokers Group (NASDAQ:IBKR) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

IBKR has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Tuesday, September 19th. SunTrust Banks raised their price target on shares of Interactive Brokers Group to $48.00 and gave the stock an “average” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.67.

Shares of Interactive Brokers Group (NASDAQ:IBKR) opened at $60.40 on Friday. Interactive Brokers Group has a one year low of $33.01 and a one year high of $62.33. The firm has a market cap of $25,068.78, a PE ratio of 52.49, a P/E/G ratio of 3.08 and a beta of 1.03.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $426.00 million during the quarter, compared to analysts’ expectations of $382.85 million. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. equities analysts expect that Interactive Brokers Group will post 1.47 earnings per share for the current fiscal year.

In other news, insider Thomas Aj Frank sold 54,903 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $54.21, for a total value of $2,976,291.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Earl H. Nemser sold 1,683 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $42.29, for a total transaction of $71,174.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 974,455 shares of company stock valued at $46,966,450. Corporate insiders own 3.41% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Cetera Advisors LLC bought a new position in shares of Interactive Brokers Group in the third quarter valued at approximately $243,000. Bares Capital Management Inc. raised its stake in shares of Interactive Brokers Group by 2.2% in the third quarter. Bares Capital Management Inc. now owns 4,562,008 shares of the financial services provider’s stock valued at $205,473,000 after acquiring an additional 97,099 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Interactive Brokers Group by 9.0% in the third quarter. California Public Employees Retirement System now owns 96,503 shares of the financial services provider’s stock valued at $4,346,000 after acquiring an additional 8,003 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Interactive Brokers Group in the third quarter valued at approximately $410,000. Finally, Abrams Bison Investments LLC bought a new position in shares of Interactive Brokers Group in the third quarter valued at approximately $9,864,000. Institutional investors own 15.80% of the company’s stock.

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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.

Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

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