Interactive Brokers Group (IEX:IBKR) Trading Down 9.5%

Interactive Brokers Group, Inc. (IEX:IBKR)’s share price fell 9.5% on Tuesday . The company traded as low as $48.33 and last traded at $48.68, 2,232,895 shares were traded during trading. An increase of 187% from the average session volume of 776,800 shares. The stock had previously closed at $53.78.

A number of brokerages have recently weighed in on IBKR. Compass Point set a $56.00 price objective on Interactive Brokers Group and gave the company a “hold” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating and set a $56.00 price objective for the company in a research report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $54.00.

The stock has a 50-day moving average price of $66.38 and a two-hundred day moving average price of $62.04.

Interactive Brokers Group (IEX:IBKR) last issued its quarterly earnings data on Friday, August 2nd. The financial services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.06. The firm had revenue of $283.20 million for the quarter, compared to analysts’ expectations of $282.40 million. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS.

Large investors have recently made changes to their positions in the stock. Prudential Financial Inc. lifted its holdings in shares of Interactive Brokers Group by 6.2% in the 2nd quarter. Prudential Financial Inc. now owns 46,994 shares of the financial services provider’s stock valued at $2,547,000 after acquiring an additional 2,730 shares during the last quarter. Bloom Tree Partners LLC lifted its holdings in shares of Interactive Brokers Group by 19.0% in the 2nd quarter. Bloom Tree Partners LLC now owns 707,293 shares of the financial services provider’s stock valued at $38,335,000 after acquiring an additional 112,845 shares during the last quarter. ARK Investment Management LLC lifted its holdings in shares of Interactive Brokers Group by 37.2% in the 2nd quarter. ARK Investment Management LLC now owns 26,894 shares of the financial services provider’s stock valued at $1,458,000 after acquiring an additional 7,290 shares during the last quarter. Bares Capital Management Inc. lifted its holdings in shares of Interactive Brokers Group by 0.8% in the 2nd quarter. Bares Capital Management Inc. now owns 7,243,924 shares of the financial services provider’s stock valued at $392,621,000 after acquiring an additional 59,355 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Interactive Brokers Group by 9.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 35,740 shares of the financial services provider’s stock valued at $1,894,000 after acquiring an additional 3,162 shares during the last quarter. 14.79% of the stock is owned by hedge funds and other institutional investors.

About Interactive Brokers Group (IEX:IBKR)

Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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