Interactive Brokers Group, Inc. (IBKR) Receives Buy Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their buy rating on shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in a research note published on Wednesday. They currently have a $41.00 price objective on the stock.

Several other brokerages have also recently issued reports on IBKR. SunTrust Banks, Inc. restated a hold rating and issued a $38.00 price target on shares of Interactive Brokers Group in a research report on Tuesday, April 4th. Goldman Sachs Group Inc upgraded shares of Interactive Brokers Group from a sell rating to a neutral rating and upped their price target for the company from $34.00 to $40.00 in a research report on Tuesday, January 10th. Zacks Investment Research upgraded shares of Interactive Brokers Group from a sell rating to a hold rating and set a $43.00 price target for the company in a research report on Tuesday, December 20th. Finally, Wells Fargo & Co restated a market perform rating and issued a $37.00 price target on shares of Interactive Brokers Group in a research report on Saturday, March 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $39.50.

Interactive Brokers Group (NASDAQ:IBKR) traded down 0.59% during midday trading on Wednesday, reaching $33.85. 377,604 shares of the company traded hands. The stock has a market capitalization of $2.30 billion, a P/E ratio of 27.08 and a beta of 1.01. Interactive Brokers Group has a 12-month low of $31.97 and a 12-month high of $41.40. The company has a 50 day moving average of $35.99 and a 200-day moving average of $36.63.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 17th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.10. Interactive Brokers Group had a net margin of 5.69% and a return on equity of 1.46%. The business earned $193 million during the quarter, compared to analyst estimates of $365.05 million. During the same quarter last year, the company posted $0.25 earnings per share. The company’s revenue was down 28.8% compared to the same quarter last year. Equities analysts anticipate that Interactive Brokers Group will post $1.48 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 14th. Stockholders of record on Wednesday, March 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Monday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 31.25%.

Large investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan boosted its stake in Interactive Brokers Group by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,930 shares of the company’s stock valued at $456,000 after buying an additional 210 shares during the period. Sei Investments Co. boosted its stake in Interactive Brokers Group by 2.2% in the third quarter. Sei Investments Co. now owns 21,699 shares of the company’s stock valued at $766,000 after buying an additional 476 shares during the period. Zacks Investment Management boosted its stake in Interactive Brokers Group by 2.4% in the third quarter. Zacks Investment Management now owns 25,102 shares of the company’s stock valued at $885,000 after buying an additional 578 shares during the period. Public Sector Pension Investment Board boosted its stake in Interactive Brokers Group by 1.7% in the fourth quarter. Public Sector Pension Investment Board now owns 48,356 shares of the company’s stock valued at $1,765,000 after buying an additional 800 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in Interactive Brokers Group by 1.9% in the third quarter. UBS Asset Management Americas Inc. now owns 46,191 shares of the company’s stock valued at $1,630,000 after buying an additional 848 shares during the period. Institutional investors own 83.14% of the company’s stock.

Interactive Brokers Group Company Profile

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.

5 Day Chart for NASDAQ:IBKR

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