BidaskClub upgraded shares of Interactive Brokers Group (NASDAQ:IBKR) from a hold rating to a buy rating in a report issued on Monday.

A number of other brokerages have also commented on IBKR. Sandler O’Neill reiterated a buy rating on shares of Interactive Brokers Group in a research note on Friday, February 2nd. SunTrust Banks upped their price target on shares of Interactive Brokers Group from $48.00 to $60.00 and gave the company a hold rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Interactive Brokers Group from a hold rating to a strong-buy rating and set a $68.00 price target on the stock in a research note on Monday, January 8th. Finally, Goldman Sachs Group lowered shares of Interactive Brokers Group from a neutral rating to a sell rating and set a $59.00 price target on the stock. in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Interactive Brokers Group currently has an average rating of Hold and an average target price of $50.33.

Interactive Brokers Group (NASDAQ:IBKR) opened at $61.74 on Monday. Interactive Brokers Group has a 52 week low of $33.01 and a 52 week high of $67.42. The company has a market cap of $26,657.96, a PE ratio of 57.70, a P/E/G ratio of 3.12 and a beta of 1.05.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. Interactive Brokers Group had a net margin of 3.94% and a return on equity of 1.74%. The business had revenue of $515.00 million for the quarter, compared to analyst estimates of $398.05 million. During the same quarter in the prior year, the business earned $0.07 EPS. Interactive Brokers Group’s quarterly revenue was up 166.8% on a year-over-year basis. equities research analysts expect that Interactive Brokers Group will post 2.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Thursday, March 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 37.38%.

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 32,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $62.80, for a total value of $2,009,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.41% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. lifted its holdings in shares of Interactive Brokers Group by 0.6% during the 2nd quarter. Alliancebernstein L.P. now owns 34,504 shares of the financial services provider’s stock worth $1,291,000 after acquiring an additional 196 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Interactive Brokers Group by 27.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 647 shares during the period. LS Investment Advisors LLC lifted its holdings in shares of Interactive Brokers Group by 34.3% during the 4th quarter. LS Investment Advisors LLC now owns 3,300 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 843 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Interactive Brokers Group by 1.0% during the 2nd quarter. California Public Employees Retirement System now owns 88,500 shares of the financial services provider’s stock worth $3,312,000 after acquiring an additional 900 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Interactive Brokers Group by 19.3% during the 3rd quarter. Sei Investments Co. now owns 6,277 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 1,014 shares during the period. 15.82% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

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