Interactive Brokers Group, Inc. (NASDAQ:IBKR)‘s stock had its “hold” rating reissued by research analysts at SunTrust Banks, Inc. in a report issued on Wednesday. They currently have a $40.00 price objective on the financial services provider’s stock. SunTrust Banks, Inc.’s target price suggests a potential downside of 16.09% from the company’s previous close.

A number of other analysts have also recently commented on IBKR. ValuEngine upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $38.00 price objective on shares of Interactive Brokers Group in a research report on Friday, June 30th. BidaskClub upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, Rosenblatt Securities initiated coverage on Interactive Brokers Group in a research report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $40.33.

Shares of Interactive Brokers Group (NASDAQ IBKR) opened at 47.67 on Wednesday. Interactive Brokers Group has a one year low of $31.97 and a one year high of $47.94. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 46.55 and a beta of 0.96. The firm’s 50-day moving average is $42.98 and its 200-day moving average is $38.18.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). The business had revenue of $387.00 million during the quarter, compared to analysts’ expectations of $377.65 million. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. Equities research analysts forecast that Interactive Brokers Group will post $1.55 EPS for the current year.

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In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 11,310 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $40.42, for a total value of $457,150.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 1,657 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $40.42, for a total value of $66,975.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 824,188 shares of company stock valued at $35,132,528. 3.41% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in IBKR. BlackRock Inc. lifted its stake in shares of Interactive Brokers Group by 75,132.1% in the 1st quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock valued at $230,176,000 after purchasing an additional 6,620,639 shares during the last quarter. Cantillon Capital Management LLC acquired a new position in shares of Interactive Brokers Group in the 2nd quarter valued at $72,067,000. OppenheimerFunds Inc. lifted its stake in shares of Interactive Brokers Group by 3,912.4% in the 1st quarter. OppenheimerFunds Inc. now owns 888,917 shares of the financial services provider’s stock valued at $30,863,000 after purchasing an additional 866,763 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Interactive Brokers Group by 68.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,974,810 shares of the financial services provider’s stock valued at $73,898,000 after purchasing an additional 803,838 shares during the last quarter. Finally, Bares Capital Management Inc. lifted its stake in shares of Interactive Brokers Group by 24.4% in the 1st quarter. Bares Capital Management Inc. now owns 4,014,605 shares of the financial services provider’s stock valued at $139,387,000 after purchasing an additional 788,086 shares during the last quarter. 15.01% of the stock is currently owned by institutional investors and hedge funds.

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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