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

BidaskClub upgraded shares of Interactive Brokers Group (NASDAQ:IBKR) from a hold rating to a buy rating in a research note released on Monday.

A number of other brokerages have also recently issued reports on IBKR. SunTrust Banks lifted their price target on shares of Interactive Brokers Group to $48.00 and gave the company an average rating in a research report on Wednesday, October 18th. Sandler O’Neill restated a buy rating on shares of Interactive Brokers Group in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Interactive Brokers Group from a hold rating to a strong-buy rating and set a $68.00 price objective for the company in a research note on Monday, January 8th. Finally, Goldman Sachs Group lowered shares of Interactive Brokers Group from a neutral rating to a sell rating and set a $59.00 price objective for the company. in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $50.33.

Interactive Brokers Group (NASDAQ IBKR) opened at $64.75 on Monday. Interactive Brokers Group has a 12-month low of $33.01 and a 12-month high of $67.42. The stock has a market cap of $26,098.04, a PE ratio of 41.70, a P/E/G ratio of 3.05 and a beta of 1.05.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Interactive Brokers Group had a net margin of 3.94% and a return on equity of 1.74%. The company had revenue of $515.00 million during the quarter, compared to analysts’ expectations of $398.05 million. During the same period last year, the company posted $0.07 EPS. Interactive Brokers Group’s revenue was up 166.8% on a year-over-year basis. analysts anticipate that Interactive Brokers Group will post 2.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.62%. Interactive Brokers Group’s dividend payout ratio is currently 37.38%.

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 32,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $62.80, for a total transaction of $2,009,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.41% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. grew its stake in shares of Interactive Brokers Group by 4.0% in the third quarter. Prudential Financial Inc. now owns 115,814 shares of the financial services provider’s stock worth $5,216,000 after acquiring an additional 4,475 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Interactive Brokers Group by 2.0% in the third quarter. Bank of New York Mellon Corp now owns 750,411 shares of the financial services provider’s stock worth $33,799,000 after acquiring an additional 14,443 shares during the period. New York State Common Retirement Fund grew its stake in shares of Interactive Brokers Group by 5.5% in the third quarter. New York State Common Retirement Fund now owns 192,601 shares of the financial services provider’s stock worth $8,675,000 after acquiring an additional 10,000 shares during the period. Shelton Capital Management bought a new stake in shares of Interactive Brokers Group in the second quarter worth approximately $253,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Interactive Brokers Group by 14.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,259,199 shares of the financial services provider’s stock worth $101,754,000 after acquiring an additional 284,389 shares during the period. Institutional investors and hedge funds own 15.82% 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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