Interactive Brokers Group (IEX:IBKR) had its price target raised by Wells Fargo & Co from $40.00 to $44.00 in a research note published on Thursday morning, AnalystRatings.com reports. Wells Fargo & Co currently has an underweight rating on the financial services provider’s stock.
A number of other research analysts have also recently issued reports on the company. Zacks Investment Research raised Interactive Brokers Group from a sell rating to a hold rating and set a $56.00 price target for the company in a report on Tuesday, September 17th. Compass Point raised Interactive Brokers Group from a neutral rating to a buy rating and set a $56.00 price target for the company in a report on Wednesday, October 2nd.
Shares of IEX IBKR traded down $0.09 during midday trading on Thursday, reaching $48.52. 273,936 shares of the company traded hands, compared to its average volume of 776,800. The stock’s 50-day simple moving average is $47.40 and its 200-day simple moving average is $58.65. Interactive Brokers Group has a 12 month low of $47.13 and a 12 month high of $80.32.
Interactive Brokers Group (IEX:IBKR) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The company had revenue of $466.00 million during the quarter, compared to analyst estimates of $483.00 million.
The company also recently disclosed a dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, November 27th.
A number of large investors have recently made changes to their positions in IBKR. JPMorgan Chase & Co. raised its holdings in Interactive Brokers Group by 9.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 35,740 shares of the financial services provider’s stock worth $1,894,000 after purchasing an additional 3,162 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Interactive Brokers Group by 6.2% during the 2nd quarter. Prudential Financial Inc. now owns 46,994 shares of the financial services provider’s stock worth $2,547,000 after buying an additional 2,730 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Interactive Brokers Group by 1.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 313,143 shares of the financial services provider’s stock valued at $16,973,000 after purchasing an additional 4,802 shares during the period. Bank of New York Mellon Corp grew its position in shares of Interactive Brokers Group by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 759,083 shares of the financial services provider’s stock valued at $41,142,000 after purchasing an additional 34,843 shares during the period. Finally, Pacer Advisors Inc. acquired a new position in shares of Interactive Brokers Group in the 2nd quarter valued at approximately $1,619,000. 14.79% of the stock is owned by hedge funds and other institutional investors.
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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