Interactive Brokers Group (NASDAQ:IBKR) Upgraded to “Strong-Buy” at Wells Fargo & Company

by · The Markets Daily

Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) was upgraded by analysts at Wells Fargo & Company to a “strong-buy” rating in a research note issued on Friday, Zacks reports.

Several other research analysts also recently weighed in on IBKR. Wolfe Research assumed coverage on Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $111.00 price objective on shares of Interactive Brokers Group in a research report on Thursday. BMO Capital Markets restated an “outperform” rating and set a $110.00 price objective (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Interactive Brokers Group in a research report on Wednesday, September 2nd. Finally, Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.00.

Read Our Latest Stock Report on IBKR

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $88.30 on Friday. Interactive Brokers Group has a one year low of $58.95 and a one year high of $98.75. The stock has a market capitalization of $150.23 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.59 and a beta of 1.37. The company has a 50-day simple moving average of $90.66 and a 200-day simple moving average of $85.74.

Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The business’s revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share. As a group, research analysts forecast that Interactive Brokers Group will post 2.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fiduciary Financial Group LLC increased its holdings in shares of Interactive Brokers Group by 3.1% in the 2nd quarter. Fiduciary Financial Group LLC now owns 3,968 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 118 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Interactive Brokers Group by 0.9% during the first quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock worth $1,172,000 after buying an additional 150 shares in the last quarter. Sumitomo Life Insurance Co. boosted its holdings in Interactive Brokers Group by 0.3% during the fourth quarter. Sumitomo Life Insurance Co. now owns 58,550 shares of the financial services provider’s stock worth $3,765,000 after buying an additional 170 shares in the last quarter. IMA Advisory Services Inc. grew its position in Interactive Brokers Group by 64.3% during the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after buying an additional 178 shares during the period. Finally, Meadowbrook Advisors Group LLC grew its position in Interactive Brokers Group by 5.4% during the first quarter. Meadowbrook Advisors Group LLC now owns 4,052 shares of the financial services provider’s stock worth $272,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

(Get Free Report)

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.

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