Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) was upgraded by investment analysts at UBS Group to a “hold” rating in a research report issued on Tuesday, Zacks reports.
Several other research analysts also recently issued reports on the stock. Raymond James Financial assumed coverage on shares of Interactive Brokers Group in a research report on Wednesday, August 26th. They set 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 on the stock. BMO Capital Markets reissued an “outperform” rating and set a $110.00 price target (up from $105.00) on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. Barclays set a $114.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Finally, Piper Sandler set a $109.00 price objective on Interactive Brokers Group in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $98.90.
Get Our Latest Analysis on Interactive Brokers Group
Interactive Brokers Group Price Performance
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. As a group, equities analysts expect that Interactive Brokers Group will post 2.68 earnings per share for the current year.
Hedge Funds Weigh In On Interactive Brokers Group
Several large investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its position in shares of Interactive Brokers Group by 8,229.0% during the 2nd quarter. California State Teachers Retirement System now owns 53,724,396 shares of the financial services provider’s stock valued at $4,676,171,000 after acquiring an additional 53,079,364 shares during the last quarter. Norges Bank acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at $453,146,000. Orbis Allan Gray Ltd boosted its position in shares of Interactive Brokers Group by 178.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after purchasing an additional 6,246,715 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Interactive Brokers Group by 225.4% during the second quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock worth $420,834,000 after purchasing an additional 5,260,923 shares during the period. Finally, State Street Corp grew its stake in shares of Interactive Brokers Group by 23.2% during the third quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock worth $1,283,221,000 after purchasing an additional 3,517,729 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.
About Interactive Brokers Group
Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.
Its product suite centers on advanced trading platforms and infrastructure.
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