Interactive Brokers Group (NASDAQ:IBKR – Get Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Tuesday, April 26th. Bank of America upped their target price on shares of Interactive Brokers Group from $111.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, April 20th. Finally, Zacks Investment Research lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating and set a $71.00 target price on the stock. in a research report on Tuesday, April 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Hold” and an average price target of $92.00.

Shares of IBKR opened at $57.40 on Thursday. Interactive Brokers Group has a 1-year low of $52.18 and a 1-year high of $82.83. The stock has a market cap of $24.00 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 0.76 and a beta of 0.76. The firm has a fifty day moving average price of $61.75 and a 200 day moving average price of $68.69.

Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last announced its quarterly earnings results on Tuesday, April 19th. The financial services provider reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. The firm had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $703.34 million. Interactive Brokers Group had a net margin of 10.32% and a return on equity of 3.09%. Interactive Brokers Group’s quarterly revenue was down 27.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. On average, analysts anticipate that Interactive Brokers Group will post 3.69 earnings per share for the current fiscal year.

In related news, Chairman Thomas Peterffy sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $66.55, for a total transaction of $1,331,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 580,000 shares of company stock valued at $36,196,600 in the last ninety days. 5.72% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. FDx Advisors Inc. increased its position in shares of Interactive Brokers Group by 7.8% in the fourth quarter. FDx Advisors Inc. now owns 17,679 shares of the financial services provider’s stock worth $1,404,000 after acquiring an additional 1,275 shares in the last quarter. Bridgefront Capital LLC acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $279,000. Stonnington Group LLC acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $5,419,000. Covestor Ltd bought a new position in Interactive Brokers Group during the 4th quarter valued at $180,000. Finally, Yousif Capital Management LLC bought a new position in Interactive Brokers Group during the 4th quarter valued at $3,699,000. 20.49% of the stock is owned by institutional investors.

About Interactive Brokers Group (Get Rating)

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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