Interactive Brokers Group (NASDAQ:IBKR) Sees Unusually-High Trading Volume

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) saw an uptick in trading volume on Wednesday . 374,288 shares were traded during mid-day trading, a decline of 68% from the previous session’s volume of 1,164,074 shares.The stock last traded at $111.91 and had previously closed at $107.39.

Analyst Ratings Changes

IBKR has been the subject of a number of recent analyst reports. UBS Group lowered their price target on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday, January 9th. Piper Sandler upped their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Citigroup raised their price target on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Barclays boosted their price objective on shares of Interactive Brokers Group from $117.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $118.13.

Interactive Brokers Group Price Performance

The company has a 50 day moving average of $107.89 and a two-hundred day moving average of $92.43. The company has a market capitalization of $47.46 billion, a PE ratio of 18.97, a PEG ratio of 1.24 and a beta of 0.83.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 EPS. On average, equities analysts anticipate that Interactive Brokers Group, Inc. will post 6.36 EPS for the current year.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the sale, the insider now owns 234,552 shares in the company, valued at $22,585,012.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of Interactive Brokers Group stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the completion of the transaction, the insider now owns 234,552 shares in the company, valued at $22,585,012.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Aj Frank sold 12,917 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $88.68, for a total value of $1,145,479.56. Following the completion of the sale, the insider now directly owns 497,368 shares in the company, valued at $44,106,594.24. The disclosure for this sale can be found here. Insiders have sold 441,800 shares of company stock valued at $41,540,615 over the last quarter. Corporate insiders own 3.21% of the company’s stock.

Institutional Trading of Interactive Brokers Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Interactive Brokers Group in the fourth quarter worth approximately $97,717,000. FMR LLC lifted its position in Interactive Brokers Group by 211.7% in the 3rd quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock valued at $153,517,000 after acquiring an additional 1,204,573 shares in the last quarter. Vanguard Group Inc. boosted its stake in Interactive Brokers Group by 7.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,035,116 shares of the financial services provider’s stock valued at $577,435,000 after purchasing an additional 592,266 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Interactive Brokers Group by 122.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after purchasing an additional 524,503 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth $33,544,000. 23.80% of the stock is currently owned by institutional investors.

About Interactive Brokers Group

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.