Interactive Brokers Group (NASDAQ:IBKR) Downgraded by Zacks Research to Hold

Interactive Brokers Group (NASDAQ:IBKR) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

A number of other analysts have also recently weighed in on IBKR. Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Wolfe Research assumed coverage on Interactive Brokers Group in a report on Monday, June 8th. They set an “outperform” rating and a $101.00 price target for the company. Raymond James Financial assumed coverage on shares of Interactive Brokers Group in a research note on Wednesday, August 26th. They issued a “market perform” rating on the stock. China Renaissance began coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating for the company. Finally, BMO Capital Markets restated an “outperform” rating and issued a $110.00 target price (up from $105.00) on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $98.90.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $89.24 on Thursday. 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 $151.83 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 1.66 and a beta of 1.35. The company has a 50-day simple moving average of $91.27 and a 200-day simple moving average of $85.07.

Interactive Brokers Group (NASDAQ:IBKR) 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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cantillon Capital Management LLC boosted its position in shares of Interactive Brokers Group by 0.8% during the 4th quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock worth $820,589,000 after purchasing an additional 95,878 shares in the last quarter. Norges Bank acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $453,146,000. Egerton Capital UK LLP lifted its stake in shares of Interactive Brokers Group by 11.0% in the fourth quarter. Egerton Capital UK LLP now owns 6,939,581 shares of the financial services provider’s stock valued at $446,284,000 after purchasing an additional 685,447 shares during the period. Bamco Inc. NY boosted its holdings in Interactive Brokers Group by 0.7% during the fourth quarter. Bamco Inc. NY now owns 4,643,376 shares of the financial services provider’s stock worth $298,616,000 after buying an additional 33,608 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Interactive Brokers Group by 156.0% during the first quarter. Bessemer Group Inc. now owns 3,922,736 shares of the financial services provider’s stock worth $263,097,000 after buying an additional 2,390,247 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and related financial services to individual investors, financial professionals, hedge funds, proprietary trading groups and other institutional clients. Through its online platforms, the company offers access to stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and other investment products.

The company operates a technology-focused brokerage platform designed to provide access to multiple markets and asset classes from a single account.