Keefe, Bruyette & Woods Downgrades Interactive Brokers Group (NASDAQ:IBKR) to Market Perform

Interactive Brokers Group (NASDAQ:IBKR) was downgraded by research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report released on Thursday, Marketbeat.com reports. They currently have a $135.00 price target on the financial services provider’s stock, up from their prior price target of $128.00. Keefe, Bruyette & Woods’ target price indicates a potential upside of 8.16% from the stock’s current price.

IBKR has been the topic of several other research reports. Barclays boosted their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. Piper Sandler lifted their price target on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Citigroup upped their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Bank of America boosted their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, UBS Group lifted their target price on Interactive Brokers Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $131.11.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $124.82 on Thursday. Interactive Brokers Group has a 1 year low of $72.60 and a 1 year high of $129.19. The stock has a 50-day simple moving average of $123.39 and a 200-day simple moving average of $109.42. The stock has a market capitalization of $52.56 billion, a P/E ratio of 21.34, a PEG ratio of 1.20 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.01. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Analysts predict that Interactive Brokers Group will post 6.73 earnings per share for the current year.

Institutional Investors Weigh In On Interactive Brokers Group

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Interactive Brokers Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock worth $803,306,000 after purchasing an additional 123,226 shares in the last quarter. Bares Capital Management Inc. grew its holdings in shares of Interactive Brokers Group by 10.4% during the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock valued at $313,920,000 after buying an additional 264,543 shares in the last quarter. Norges Bank acquired a new position in Interactive Brokers Group during the fourth quarter valued at $97,476,000. Wells Fargo & Company MN lifted its stake in Interactive Brokers Group by 1.4% in the 4th quarter. Wells Fargo & Company MN now owns 968,669 shares of the financial services provider’s stock worth $80,303,000 after acquiring an additional 13,145 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Interactive Brokers Group by 122.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after acquiring an additional 524,503 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.