Interactive Brokers Group, Inc. (NASDAQ:IBKR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Interactive Brokers’ shares have significantly outperformed the Zacks categorized Investment Brokers industry over the last three months. Going forward, the company plans to focus on strengthening its Electronic Brokerage segment. In May, the company announced a deal to divest its U.S. options-market-making business. While low level of compensation expenses relative to net revenue remains a major catalyst for the company, the restructuring effort is expected to lead to near-term rise in severance and other costs related to segment closure. Intensifying competitive environment and increased dependence on IBG LLC are likely to hurt its financials.”

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $41.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, April 12th. SunTrust Banks, Inc. reissued a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a research report on Tuesday, April 4th. ValuEngine raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Finally, Wells Fargo & Co reissued a “market perform” rating and set a $37.00 price objective on shares of Interactive Brokers Group in a research report on Saturday, March 11th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $39.20.

Interactive Brokers Group (NASDAQ IBKR) traded down 0.41% during midday trading on Tuesday, hitting $36.59. 17,941 shares of the stock traded hands. Interactive Brokers Group has a one year low of $31.97 and a one year high of $39.68. The company has a 50-day moving average price of $35.69 and a 200 day moving average price of $36.57. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 33.60 and a beta of 0.93.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, April 18th. The financial services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.05. Interactive Brokers Group had a return on equity of 1.28% and a net margin of 5.45%. The company had revenue of $374 million for the quarter, compared to analyst estimates of $396.98 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. Interactive Brokers Group’s revenue was down 23.5% compared to the same quarter last year. Equities research analysts anticipate that Interactive Brokers Group will post $1.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Thursday, June 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Tuesday, May 30th. Interactive Brokers Group’s payout ratio is 36.04%.

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Several hedge funds have recently modified their holdings of IBKR. Russell Investments Group Ltd. purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at $5,375,000. Comerica Bank increased its stake in shares of Interactive Brokers Group by 6.5% in the fourth quarter. Comerica Bank now owns 72,568 shares of the financial services provider’s stock valued at $2,814,000 after buying an additional 4,443 shares during the last quarter. State Street Corp increased its stake in shares of Interactive Brokers Group by 7.7% in the fourth quarter. State Street Corp now owns 1,067,063 shares of the financial services provider’s stock valued at $38,958,000 after buying an additional 75,971 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Interactive Brokers Group by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,829,766 shares of the financial services provider’s stock valued at $66,804,000 after buying an additional 67,801 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in shares of Interactive Brokers Group by 9.6% in the fourth quarter. Gabelli Funds LLC now owns 229,000 shares of the financial services provider’s stock valued at $8,361,000 after buying an additional 20,000 shares during the last quarter. 86.37% of the stock is currently owned by institutional investors and hedge funds.

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.

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