On September 19, 2023, investment analysts at The Goldman Sachs Group initiated coverage on shares of Interactive Brokers Group (NASDAQ:IBKR) with a “neutral” rating in a report released by FlyOnTheWall.
Interactive Brokers Group stock opened at $90.63 on Tuesday, with a market capitalization of $38.15 billion. The stock has a price-to-earnings ratio of 18.50 and a price-to-earnings-growth ratio of 0.81, indicating that it may be reasonably valued compared to its earnings growth prospects. Additionally, the stock has a beta of 0.79, suggesting that it is less volatile than the overall market.
Over the past year, the lowest price for Interactive Brokers Group stock was $62.70, while the highest price reached $95.59. This demonstrates the stock’s ability to experience both low and high points during its trading history.
In terms of moving averages, Interactive Brokers Group has a 50-day simple moving average of $89.62 and a two-hundred-day simple moving average of $83.30. These moving averages provide insight into the stock’s recent performance and can help investors identify trends or patterns.
Several notable investors have made recent changes to their positions in Interactive Brokers Group (IBKR). For instance, Belpointe Asset Management LLC purchased a new stake in the company during the fourth quarter worth $25,000, while Venturi Wealth Management LLC acquired a position worth $26,000 in the first quarter. Banque Cantonale Vaudoise also purchased shares worth approximately $31,000 in the same period as well as Eagle Bay Advisors LLC and Atlas Capital Advisors LLC who joined during different quarters with investments worth around $31,000 and $40,000 respectively. It is important to note that these large investors collectively own 21.56% of Interactive Brokers Group stock, highlighting their confidence in the company’s future prospects.
Turning to the financial performance of Interactive Brokers Group, the company last reported its earnings results on Tuesday, July 18th. In that quarter, the financial services provider generated $1.32 EPS, falling short of the consensus estimate of $1.40 by ($0.08). However, it achieved revenue of $1,000.00 million for the quarter, surpassing analysts’ expectations of $1.06 billion. The company’s return on equity stood at 4.41%, and it boasted a net margin of 8.14%. Importantly, its quarterly revenue demonstrated significant growth of 52.4% compared to the same quarter in the previous year when it earned $0.84 per share.
Sell-side analysts predict that Interactive Brokers Group will post 5.62 earnings per share for the current fiscal year. Despite missing estimates in the previous quarter, there is optimism regarding future earnings.
In conclusion, investment analysts at The Goldman Sachs Group have given a “neutral” rating to shares of Interactive Brokers Group (NASDAQ:IBKR). With an opening stock price of $90.63 and a market capitalization of $38.15 billion, investors are paying close attention to this financial services provider’s performance. Additionally notable is its recent revenue growth and strong interest from large institutional investors who are confident in the company’s trajectory moving forward.
Disclaimer: This article is for informational purposes only and should not be regarded as investment advice or a recommendation to buy or sell any particular security or investment strategy. Investors should do their own research before making any investment decisions
[bs_slider_forecast ticker=”AX”]
Renewed Attention on Interactive Brokers Group: Insights from Research Firms and Insider Transactions
Interactive Brokers Group, an online brokerage firm, has garnered attention from several research firms recently. These firms have provided valuable insights and analysis of the company’s performance and future prospects.
Barclays, for instance, raised Interactive Broker Group’s price objective from $97.00 to $106.00 in a research report on July 13th, just a few months ago. This upward adjustment suggests that Barclays holds a positive outlook for the company and expects its stock price to increase.
Similarly, Jefferies Financial Group also revised their price target on Interactive Brokers Group from $104.00 to $106.00 in a research note on June 5th. This indicates that multiple research firms are recognizing the potential for growth and success in Interactive Brokers Group.
Additionally, StockNews.com recently initiated coverage on Interactive Brokers Group with a “hold” rating for the company. Although this rating may not be as optimistic as some others, it still provides valuable information for investors who are considering investing in the company.
Overall, seven analysts have evaluated Interactive Brokers Group’s stock, with two assigning it a hold rating and five designating it as a buy rating. Based on data from Bloomberg, the company currently holds an average rating of “Moderate Buy.” Furthermore, analysts have determined an average price target of $113.60 for Interactive Brokers Group.
In other news related to Interactive Brokers Group, insider Thomas Aj Frank sold 21,246 shares of the company’s stock on September 13th. The shares were sold at an average price of $92.47 per share, resulting in a total value of $1,964,617.62. With this sale concluded successfully, Thomas Aj Frank now owns 988,054 shares of the company’s stock with a market value of approximately $91,365,353.38.
The Securities & Exchange Commission filing reveals that another insider sale occurred on the same day. CFO Paul Jonathan Brody sold 11,747 shares of Interactive Brokers Group at an average price of $94.64 per share, resulting in a total value of $1,111,736.08. Following this sale, Paul Jonathan Brody now possesses 488,253 shares of the company’s stock with an approximate market value of $46,208,263.92.
These insider transactions highlight the involvement and confidence of key individuals within Interactive Brokers Group. The disclosure documents indicate that, in the last three months alone, insiders have collectively sold 65,150 shares of the company’s stock with a total value of $6,094,096. This represents approximately 3.34% ownership of the stock by company insiders.
As investors navigate their decision-making process regarding Interactive Brokers Group, various research firms’ insights provide valuable guidance in understanding the company’s potential trajectory and opportunities for growth. Additionally, keeping track of insider transactions can provide further insight into the perception and belief insiders hold regarding the company’s performance and prospects.
While these recent developments paint a picture of both positive evaluations from research firms and significant insider activity within Interactive Brokers Group, it remains crucial for investors to conduct thorough analysis and make informed decisions based on their own investment objectives and risk tolerance.
In conclusion, Interactive Brokers Group has been receiving increased attention from research firms lately. With revised price targets and ratings ranging from holds to buys by analysts across several research reports, it is evident that Interactive Brokers Group has caught the eye of financial experts in a positive light. However, investors should carefully consider these assessments alongside insider transactions to gain deeper insights into their investment decisions concerning Interactive Brokers Group moving forward.
