Zacks Research Downgrades Interactive Brokers Group (NASDAQ:IBKR) to Hold

Interactive Brokers Group (NASDAQ:IBKR) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on the stock. BMO Capital Markets increased their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. CICC Research started coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. Barclays set a $83.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average price target of $76.39.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $73.65 on Tuesday. The stock has a 50-day simple moving average of $71.74 and a 200 day simple moving average of $67.89. Interactive Brokers Group has a 52-week low of $32.82 and a 52-week high of $79.18. The company has a market cap of $124.92 billion, a PE ratio of 33.25, a PEG ratio of 2.01 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. On average, research analysts predict that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 400,000 shares of company stock valued at $30,725,122. Company insiders own 2.97% of the company’s stock.

Institutional Trading of Interactive Brokers Group

A number of hedge funds have recently made changes to their positions in IBKR. Murphy & Mullick Capital Management Corp acquired a new position in shares of Interactive Brokers Group during the 3rd quarter worth approximately $27,000. Huntington National Bank boosted its position in Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 176 shares during the period. IMA Advisory Services Inc. increased its holdings in shares of Interactive Brokers Group by 64.3% in the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 178 shares during the last quarter. Entrust Financial LLC acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at $31,000. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Interactive Brokers Group in the second quarter valued at about $32,000. 23.80% of the stock is owned by institutional investors and hedge funds.

About Interactive Brokers Group

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.