Interactive Brokers Group (IBKR) Upgraded by ValuEngine to Buy
ValuEngine upgraded shares of Interactive Brokers Group (NASDAQ:IBKR) from a hold rating to a buy rating in a research note published on Thursday morning.
A number of other research firms also recently issued reports on IBKR. BidaskClub raised Interactive Brokers Group from a buy rating to a strong-buy rating in a research note on Friday, February 23rd. Goldman Sachs Group reaffirmed a sell rating and issued a $64.00 price objective (up previously from $61.00) on shares of Interactive Brokers Group in a research note on Friday, February 23rd. Sandler O’Neill reaffirmed a buy rating on shares of Interactive Brokers Group in a research note on Friday, February 2nd. SunTrust Banks lifted their price objective on Interactive Brokers Group from $48.00 to $60.00 and gave the stock a hold rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Interactive Brokers Group from a hold rating to a strong-buy rating and set a $68.00 price objective on the stock in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $51.17.
Interactive Brokers Group (IBKR) traded up $1.36 during trading hours on Thursday, reaching $67.82. The company’s stock had a trading volume of 669,531 shares, compared to its average volume of 738,318. Interactive Brokers Group has a 1-year low of $33.01 and a 1-year high of $71.23. The company has a market cap of $27,922.04, a P/E ratio of 63.38, a price-to-earnings-growth ratio of 3.27 and a beta of 0.93.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Thursday, March 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Wednesday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 37.38%.
In other news, Vice Chairman Earl H. Nemser sold 32,000 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $62.80, for a total value of $2,009,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.41% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in IBKR. Miura Global Management LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth approximately $34,046,000. Victory Capital Management Inc. boosted its holdings in shares of 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 worth $41,238,000 after purchasing an additional 469,755 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of 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 worth $22,701,000 after purchasing an additional 339,648 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of 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 worth $101,754,000 after purchasing an additional 284,389 shares during the period. Finally, Abrams Bison Investments LLC purchased a new position in shares of Interactive Brokers Group in the 3rd quarter worth approximately $9,864,000. Hedge funds and other institutional investors own 15.22% of the company’s stock.
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About Interactive Brokers Group
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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