Interactive Brokers Group (NASDAQ:IBKR) Upgraded to Strong-Buy at Wolfe Research

by · The Markets Daily

Wolfe Research upgraded shares of Interactive Brokers Group (NASDAQ:IBKR – Free Report) to a strong-buy rating in a report published on Monday,Zacks.com reports.

IBKR has been the subject of a number of other research reports. Piper Sandler boosted their price target on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a report on Friday, May 1st. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price target for the company. Finally, BMO Capital Markets boosted their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.22.

View Our Latest Research Report on Interactive Brokers Group

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $87.35 on Monday. Interactive Brokers Group has a 52 week low of $49.15 and a 52 week high of $91.02. The stock has a market capitalization of $148.18 billion, a P/E ratio of 37.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.32. The stock has a fifty day moving average of $79.44 and a 200-day moving average of $72.82.

Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the firm earned $1.94 EPS. Interactive Brokers Group’s revenue was up 17.0% on a year-over-year basis. On average, research analysts forecast that Interactive Brokers Group will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s payout ratio is presently 15.09%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director directly owned 173,482 shares of the company’s stock, valued at $13,345,970.26. The trade was a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors have recently added to or reduced their stakes in IBKR. Jones Financial Companies Lllp grew its stake in Interactive Brokers Group by 36.8% during the third quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock worth $1,777,000 after purchasing an additional 7,234 shares during the period. Citigroup Inc. grew its stake in Interactive Brokers Group by 61.8% during the third quarter. Citigroup Inc. now owns 2,432,598 shares of the financial services provider’s stock worth $167,387,000 after purchasing an additional 928,978 shares during the period. Crocodile Capital Partners GmbH acquired a new stake in Interactive Brokers Group during the fourth quarter worth approximately $12,041,000. Fifth Third Bancorp grew its stake in Interactive Brokers Group by 12.9% during the third quarter. Fifth Third Bancorp now owns 163,007 shares of the financial services provider’s stock worth $11,217,000 after purchasing an additional 18,574 shares during the period. Finally, New Millennium Group LLC raised its holdings in shares of Interactive Brokers Group by 3,128.5% during the third quarter. New Millennium Group LLC now owns 88,462 shares of the financial services provider’s stock valued at $6,087,000 after purchasing an additional 85,722 shares during the period. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Company Profile

(Get Free Report)

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.

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