Goldman Sachs Group cut shares of Interactive Brokers Group (NASDAQ:IBKR) from a neutral rating to a sell rating in a report issued on Monday morning. Goldman Sachs Group currently has $59.00 price target on the financial services provider’s stock.

A number of other equities analysts have also commented on IBKR. BidaskClub lowered shares of Interactive Brokers Group from a buy rating to a hold rating in a research report on Thursday, January 4th. Zacks Investment Research lowered shares of Interactive Brokers Group from a buy rating to a hold rating in a research report on Wednesday, January 3rd. Finally, 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the stock. Interactive Brokers Group currently has a consensus rating of Hold and an average price target of $48.33.

Interactive Brokers Group (NASDAQ IBKR) traded up $1.69 during trading hours on Monday, hitting $62.61. 938,741 shares of the stock were exchanged, compared to its average volume of 1,004,123. Interactive Brokers Group has a 12 month low of $33.01 and a 12 month high of $62.85. The company has a market capitalization of $25,780.00, a price-to-earnings ratio of 53.97, a price-to-earnings-growth ratio of 3.22 and a beta of 1.02.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.05. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The company had revenue of $426.00 million for the quarter, compared to analyst estimates of $382.85 million. During the same quarter last year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. analysts expect that Interactive Brokers Group will post 1.49 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Friday, December 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 34.48%.

In related news, insider Thomas Aj Frank sold 54,903 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $54.21, for a total transaction of $2,976,291.63. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Earl H. Nemser sold 1,675 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $47.56, for a total transaction of $79,663.00. The disclosure for this sale can be found here. Insiders have sold 506,594 shares of company stock worth $25,860,914 in the last ninety days. 3.41% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in IBKR. Victory Capital Management Inc. increased its holdings in Interactive Brokers Group by 105.4% in the 3rd quarter. Victory Capital Management Inc. now owns 915,589 shares of the financial services provider’s stock valued at $41,238,000 after buying an additional 469,755 shares during the period. Russell Investments Group Ltd. increased its holdings in Interactive Brokers Group by 206.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 504,021 shares of the financial services provider’s stock valued at $22,701,000 after buying an additional 339,648 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Interactive Brokers Group by 14.4% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,259,199 shares of the financial services provider’s stock valued at $101,754,000 after buying an additional 284,389 shares during the period. FMR LLC increased its holdings in Interactive Brokers Group by 54.1% in the 2nd quarter. FMR LLC now owns 722,777 shares of the financial services provider’s stock valued at $27,047,000 after buying an additional 253,611 shares during the period. Finally, Abrams Bison Investments LLC bought a new stake in Interactive Brokers Group in the 3rd quarter valued at $9,864,000. 15.79% of the stock is currently owned by hedge funds and other institutional investors.

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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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