SunTrust Banks Raises Interactive Brokers Group (IBKR) Price Target to $60.00

Interactive Brokers Group (NASDAQ:IBKR) had its price objective lifted by SunTrust Banks from $48.00 to $60.00 in a research report sent to investors on Wednesday, Marketbeat Ratings reports. They currently have a hold rating on the financial services provider’s stock. SunTrust Banks also issued estimates for Interactive Brokers Group’s Q1 2018 earnings at $0.47 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $2.00 EPS and FY2019 earnings at $2.45 EPS. The analysts noted that the move was a valuation call.

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Interactive Brokers Group from a hold rating to a buy rating and set a $47.00 target price on the stock in a research note on Tuesday, September 19th. BidaskClub downgraded Interactive Brokers Group from a strong-buy rating to a buy rating in a research note on Saturday, December 16th. Finally, Goldman Sachs Group downgraded Interactive Brokers Group from a neutral rating to a sell rating and set a $59.00 target price on the stock. in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $50.33.

Shares of Interactive Brokers Group (IBKR) traded up $0.70 during midday trading on Wednesday, reaching $62.48. The company’s stock had a trading volume of 1,119,569 shares, compared to its average volume of 1,090,000. The company has a market cap of $26,010.00, a price-to-earnings ratio of 57.85, a PEG ratio of 2.98 and a beta of 1.02. Interactive Brokers Group has a 1-year low of $33.01 and a 1-year high of $64.03.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. Interactive Brokers Group had a return on equity of 1.74% and a net margin of 3.94%. The business had revenue of $515.00 million during the quarter, compared to analyst estimates of $398.05 million. During the same period in the previous year, the company posted $0.07 EPS. Interactive Brokers Group’s revenue was up 166.8% on a year-over-year basis. research analysts expect that Interactive Brokers Group will post 2.08 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Thursday, March 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.40 annualized dividend and a yield of 0.64%. Interactive Brokers Group’s dividend payout ratio (DPR) is 37.04%.

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 10,756 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $50.65, for a total transaction of $544,791.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Aj Frank sold 32,670 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $50.59, for a total value of $1,652,775.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 297,611 shares of company stock worth $15,773,905. 3.41% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of IBKR. Victory Capital Management Inc. lifted its holdings in shares of Interactive Brokers Group by 105.4% in the 3rd quarter. Victory Capital Management Inc. now owns 915,589 shares of the financial services provider’s stock valued at $41,238,000 after buying an additional 469,755 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Interactive Brokers Group by 206.6% during the third quarter. Russell Investments Group Ltd. now owns 504,021 shares of the financial services provider’s stock valued at $22,701,000 after acquiring an additional 339,648 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Interactive Brokers Group by 14.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,259,199 shares of the financial services provider’s stock valued at $101,754,000 after acquiring an additional 284,389 shares during the last quarter. FMR LLC raised its holdings in shares of Interactive Brokers Group by 54.1% during the second quarter. FMR LLC now owns 722,777 shares of the financial services provider’s stock valued at $27,047,000 after acquiring an additional 253,611 shares during the last quarter. Finally, Abrams Bison Investments LLC acquired a new position in shares of Interactive Brokers Group during the third quarter valued at approximately $9,864,000. Institutional investors and hedge funds own 15.79% of the company’s stock.

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Interactive Brokers Group Company Profile

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.

Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

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