Interactive Brokers Group (NASDAQ:IBKR) Upgraded at UBS Group

Interactive Brokers Group (NASDAQ:IBKR) was upgraded by analysts at UBS Group to a “hold” rating in a research note issued on Tuesday, Zacks reports.

IBKR has been the topic of several other research reports. The Goldman Sachs Group set a $113.00 price objective on Interactive Brokers Group in a research note on Tuesday. Wolfe Research began coverage on Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 price target on the stock. Raymond James Financial assumed coverage on Interactive Brokers Group in a report on Wednesday, August 26th. They set a “market perform” rating on the stock. Barclays set a $114.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Finally, BMO Capital Markets restated an “outperform” rating and set a $110.00 target price (up from $105.00) on shares of Interactive Brokers Group in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $98.90.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $90.39 on Tuesday. Interactive Brokers Group has a 52 week low of $58.95 and a 52 week high of $98.75. The company has a market capitalization of $153.79 billion, a PE ratio of 36.16, a PEG ratio of 1.80 and a beta of 1.35. The company has a 50 day moving average price of $92.03 and a two-hundred day moving average price of $82.83.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. On average, sell-side analysts forecast that Interactive Brokers Group will post 2.68 earnings per share for the current year.

Hedge Funds Weigh In On Interactive Brokers Group

A number of large investors have recently bought and sold shares of IBKR. Fiduciary Financial Group LLC raised its holdings in shares of Interactive Brokers Group by 3.1% in the second 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 during the last quarter. HM Payson & Co. boosted its holdings in Interactive Brokers Group by 5.8% during the fourth quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 133 shares during 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 purchasing an additional 150 shares during the last quarter. S&CO Inc. grew its position in Interactive Brokers Group by 0.3% in the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock valued at $4,056,000 after purchasing an additional 160 shares in the last quarter. Finally, Forefront Wealth Partners LLC grew its position in Interactive Brokers Group by 2.1% in the fourth quarter. Forefront Wealth Partners LLC now owns 8,175 shares of the financial services provider’s stock valued at $526,000 after purchasing an additional 169 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.