Interactive Brokers Group, Inc. (IBKR) Coverage Initiated at Rosenblatt Securities
Analysts at Rosenblatt Securities assumed coverage on shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $40.00 price target on the financial services provider’s stock. Rosenblatt Securities’ target price suggests a potential upside of 5.54% from the company’s previous close.
Several other equities research analysts also recently commented on the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $41.00 target price on shares of Interactive Brokers Group in a report on Wednesday, April 12th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $38.00 price target on shares of Interactive Brokers Group in a report on Wednesday, April 19th. Zacks Investment Research raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Wells Fargo & Company downgraded Interactive Brokers Group from a “market perform” rating to an “underperform” rating in a report on Monday, April 3rd. Finally, ValuEngine raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Interactive Brokers Group presently has an average rating of “Hold” and a consensus price target of $39.17.
Shares of Interactive Brokers Group (IBKR) traded up 0.3156% during trading on Thursday, reaching $38.0196. The company’s stock had a trading volume of 118,294 shares. The firm has a market cap of $2.58 billion, a P/E ratio of 34.9124 and a beta of 0.93. Interactive Brokers Group has a one year low of $31.97 and a one year high of $39.68. The stock’s 50 day moving average is $35.98 and its 200 day moving average is $36.52.
Interactive Brokers Group (NASDAQ:IBKR) last released its 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 during the quarter, compared to the consensus estimate of $396.98 million. During the same period last year, the firm posted $0.51 earnings per share. The company’s revenue was down 23.5% compared to the same quarter last year. On average, equities analysts forecast that Interactive Brokers Group will post $1.48 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in IBKR. BlackRock Inc. boosted its stake in Interactive Brokers Group by 75,132.1% in the first quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock valued at $230,176,000 after buying an additional 6,620,639 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Interactive Brokers Group during the first quarter valued at about $40,656,000. OppenheimerFunds Inc. boosted its stake in Interactive Brokers Group by 3,912.4% in the first quarter. OppenheimerFunds Inc. now owns 888,917 shares of the financial services provider’s stock valued at $30,863,000 after buying an additional 866,763 shares in the last quarter. Bares Capital Management Inc. boosted its stake in Interactive Brokers Group by 24.4% in the first quarter. Bares Capital Management Inc. now owns 4,014,605 shares of the financial services provider’s stock valued at $139,387,000 after buying an additional 788,086 shares in the last quarter. Finally, Norges Bank acquired a new stake in Interactive Brokers Group during the fourth quarter valued at about $19,772,000. Hedge funds and other institutional investors own 14.33% of the company’s stock.
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.
Receive News & Ratings for Interactive Brokers Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.