Keefe, Bruyette & Woods Downgrades Interactive Brokers Group (NASDAQ:IBKR) to Market Perform

Interactive Brokers Group (NASDAQ:IBKR) was downgraded by equities researchers at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, MarketBeat reports. They currently have a $135.00 target price on the financial services provider’s stock, up from their prior target price of $128.00. Keefe, Bruyette & Woods’ price target suggests a potential upside of 11.01% from the company’s current price.

A number of other analysts have also weighed in on the company. UBS Group raised their target price on Interactive Brokers Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup boosted their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Jefferies Financial Group increased their price target on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Piper Sandler boosted their price objective on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Barclays increased their price objective on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.11.

Interactive Brokers Group Trading Up 0.5 %

Shares of Interactive Brokers Group stock opened at $121.61 on Thursday. The stock has a market capitalization of $51.21 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.19 and a beta of 0.81. The firm’s 50-day moving average price is $123.44 and its two-hundred day moving average price is $109.77. Interactive Brokers Group has a 1-year low of $72.60 and a 1-year high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. As a group, equities research analysts predict that Interactive Brokers Group will post 6.87 EPS for the current year.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AIA Group Ltd acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth about $1,840,000. International Assets Investment Management LLC acquired a new position in Interactive Brokers Group during the fourth quarter valued at approximately $7,841,000. Goldman Sachs Group Inc. increased its stake in Interactive Brokers Group by 122.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after purchasing an additional 524,503 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Interactive Brokers Group by 93.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider’s stock worth $3,044,000 after purchasing an additional 16,996 shares during the period. Finally, Lecap Asset Management Ltd. bought a new position in shares of Interactive Brokers Group during the fourth quarter worth $1,910,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.