Interactive Brokers Group, Inc. (IBKR) Earns “Hold” Rating from SunTrust Banks, Inc.
Interactive Brokers Group, Inc. (NASDAQ:IBKR)‘s stock had its “hold” rating restated by equities research analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Wednesday. They presently have a $40.00 price target on the financial services provider’s stock. SunTrust Banks, Inc.’s target price would suggest a potential downside of 15.22% from the stock’s current price.
A number of other analysts have also recently issued reports on IBKR. Zacks Investment Research cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price target on shares of Interactive Brokers Group in a report on Friday, June 30th. Rosenblatt Securities assumed coverage on shares of Interactive Brokers Group in a research note on Thursday, July 13th. They issued a “neutral” rating and a $40.00 price objective for the company. BidaskClub downgraded shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, ValuEngine upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.33.
Shares of Interactive Brokers Group (NASDAQ IBKR) traded up 0.21% during midday trading on Wednesday, hitting $47.28. The stock had a trading volume of 459,028 shares. The firm has a market cap of $3.38 billion, a PE ratio of 46.17 and a beta of 0.96. Interactive Brokers Group has a 12-month low of $31.97 and a 12-month high of $47.58. The firm has a 50-day moving average of $42.63 and a 200 day moving average of $38.04.
Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05). Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The firm had revenue of $387.00 million for the quarter, compared to analyst estimates of $377.65 million. During the same period last year, the business earned $0.40 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts expect that Interactive Brokers Group will post $1.53 earnings per share for the current year.
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In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 790 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $44.28, for a total value of $34,981.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Paul Jonathan Brody sold 11,310 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $40.42, for a total value of $457,150.20. The disclosure for this sale can be found here. Insiders have sold 778,843 shares of company stock worth $32,996,640 over the last ninety days. Insiders own 3.41% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of IBKR. The Manufacturers Life Insurance Company raised its stake in shares of Interactive Brokers Group by 27.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 647 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Interactive Brokers Group by 71.9% during the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 1,295 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Interactive Brokers Group during the first quarter valued at approximately $224,000. Hartford Investment Management Co. bought a new stake in shares of Interactive Brokers Group during the second quarter valued at approximately $239,000. Finally, Shelton Capital Management bought a new stake in shares of Interactive Brokers Group during the second quarter valued at approximately $253,000. Hedge funds and other institutional investors own 15.01% of the company’s stock.
About Interactive Brokers Group
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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