Interactive Brokers Group’s (IEX:IBKR) “Sell” Rating Reaffirmed at Wells Fargo & Co

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Wells Fargo & Co restated their sell rating on shares of Interactive Brokers Group (IEX:IBKR) in a report issued on Wednesday, January 23rd.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Interactive Brokers Group from a strong-buy rating to a hold rating in a research note on Wednesday, December 12th. Goldman Sachs Group began coverage on Interactive Brokers Group in a research report on Friday, November 30th. They set a neutral rating and a $58.00 target price for the company. Finally, ValuEngine downgraded Interactive Brokers Group from a buy rating to a hold rating in a research note on Tuesday, October 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $67.00.

IBKR stock traded up $0.26 during midday trading on Wednesday, hitting $53.17. The stock had a trading volume of 259,950 shares, compared to its average volume of 776,800. Interactive Brokers Group has a 52-week low of $47.13 and a 52-week high of $80.32.

Interactive Brokers Group (IEX:IBKR) last issued its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.02). The company had revenue of $492.00 million during the quarter, compared to the consensus estimate of $512.00 million. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Friday, March 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, February 28th.

In related news, insider Thomas Aj Frank sold 564 shares of the business’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $62.00, for a total transaction of $34,968.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Milan Galik acquired 415 shares of the business’s stock in a transaction on Saturday, December 15th. The shares were purchased at an average price of $60.40 per share, with a total value of $25,066.00. The disclosure for this purchase can be found here. 1.98% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its stake in shares of Interactive Brokers Group by 5,451.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,640,156 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,610,613 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Interactive Brokers Group by 15.5% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,649,605 shares of the financial services provider’s stock valued at $308,751,000 after acquiring an additional 759,664 shares in the last quarter. Select Equity Group L.P. increased its stake in Interactive Brokers Group by 103.0% in the 3rd quarter. Select Equity Group L.P. now owns 1,272,732 shares of the financial services provider’s stock valued at $70,395,000 after buying an additional 645,863 shares during the period. Baillie Gifford & Co. grew its stake in Interactive Brokers Group by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 6,814,747 shares of the financial services provider’s stock valued at $370,654,000 after buying an additional 449,809 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Interactive Brokers Group by 146.3% during the 3rd quarter. Morgan Stanley now owns 553,403 shares of the financial services provider’s stock worth $30,611,000 after acquiring an additional 328,731 shares during the period. Institutional investors own 14.79% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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Analyst Recommendations for Interactive Brokers Group (IEX:IBKR)

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