Interactive Brokers Group, Inc. (IEX:IBKR) shares passed above its 50-day moving average during trading on Tuesday following a stronger than expected earnings report. The stock has a 50-day moving average of $53.38 and traded as high as $52.04. Interactive Brokers Group shares last traded at $51.02, with a volume of 174,126 shares changing hands.

The financial services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.05). The business had revenue of $413.00 million for the quarter, compared to the consensus estimate of $509.00 million.

Several equities research analysts recently weighed in on IBKR shares. Compass Point set a $52.00 price objective on shares of E*TRADE Financial and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research lowered shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $57.75.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its stake in shares of Interactive Brokers Group by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the financial services provider’s stock valued at $1,043,000 after purchasing an additional 200 shares during the period. Advisor Group Inc. increased its stake in shares of Interactive Brokers Group by 15.6% in the fourth quarter. Advisor Group Inc. now owns 2,359 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 319 shares during the period. California State Teachers Retirement System increased its stake in shares of Interactive Brokers Group by 0.3% in the first quarter. California State Teachers Retirement System now owns 116,796 shares of the financial services provider’s stock valued at $6,059,000 after purchasing an additional 346 shares during the period. Retirement Systems of Alabama increased its stake in shares of Interactive Brokers Group by 0.4% in the first quarter. Retirement Systems of Alabama now owns 97,740 shares of the financial services provider’s stock valued at $5,071,000 after purchasing an additional 388 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Interactive Brokers Group by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 30,441 shares of the financial services provider’s stock valued at $1,650,000 after purchasing an additional 429 shares during the period. Hedge funds and other institutional investors own 14.79% of the company’s stock.

The company’s 50 day moving average is $53.26.

Interactive Brokers Group Company Profile (IEX:IBKR)

Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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