Zacks Investment Research upgraded shares of Interactive Brokers Group (NASDAQ:IBKR) from a hold rating to a strong-buy rating in a research note issued to investors on Monday. The firm currently has $68.00 target price on the financial services provider’s stock.

According to Zacks, “Interactive Brokers’ shares have significantly outperformed the industry in the past six months. Nevertheless, the company has surpassed the Zacks Consensus Estimate for earnings in only one of the trailing four quarters. The company continues with its plans of streamlining operations and focus on strengthening its Electronic Brokerage segment. In sync with this, it sold U.S. options-market-making business (Timber Hill), which along with the other restructuring efforts will support financials. However, the company’s high dependence on IBG remains a concern because if IBG LLC fails to provide sufficient funds to pay taxes or for any other purpose, its financial condition may suffer.”

Several other equities analysts also recently weighed in on IBKR. SunTrust Banks reiterated a hold rating and set a $40.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 4th. BidaskClub downgraded Interactive Brokers Group from a strong-buy rating to a buy rating in a research report on Saturday, December 16th. Finally, Goldman Sachs Group downgraded Interactive Brokers Group from a neutral rating to a sell rating and set a $59.00 target price on the stock. in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company. Interactive Brokers Group has a consensus rating of Hold and an average target price of $48.33.

Interactive Brokers Group (NASDAQ:IBKR) traded up $1.69 during midday trading on Monday, reaching $62.61. The company had a trading volume of 938,741 shares, compared to its average volume of 1,004,117. Interactive Brokers Group has a 1 year low of $33.01 and a 1 year high of $62.85. The stock has a market capitalization of $25,780.00, a P/E ratio of 53.97, a PEG ratio of 3.22 and a beta of 1.02.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.05. Interactive Brokers Group had a return on equity of 1.35% and a net margin of 5.29%. The firm had revenue of $426.00 million for the quarter, compared to the consensus estimate of $382.85 million. During the same period in the prior year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. research analysts forecast that Interactive Brokers Group will post 1.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Friday, December 1st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 0.64%. Interactive Brokers Group’s dividend payout ratio is presently 34.48%.

In other Interactive Brokers Group news, CAO Denis Mendonca sold 1,156 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $49.50, for a total transaction of $57,222.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Earl H. Nemser sold 1,675 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $47.56, for a total value of $79,663.00. The disclosure for this sale can be found here. Insiders have sold 506,594 shares of company stock valued at $25,860,914 over the last 90 days. 3.41% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Cetera Advisors LLC acquired a new stake in Interactive Brokers Group during the third quarter worth about $243,000. Bares Capital Management Inc. grew its stake in shares of Interactive Brokers Group by 2.2% in the third quarter. Bares Capital Management Inc. now owns 4,562,008 shares of the financial services provider’s stock valued at $205,473,000 after buying an additional 97,099 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Interactive Brokers Group by 9.0% in the third quarter. California Public Employees Retirement System now owns 96,503 shares of the financial services provider’s stock valued at $4,346,000 after buying an additional 8,003 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at about $410,000. Finally, Abrams Bison Investments LLC acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at about $9,864,000. Institutional investors own 15.79% of the company’s stock.

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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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