Streetbeat News

IBKR

Interactive Brokers Group, Inc.

https://www.interactivebrokers.com

Industry

Financial - Capital Markets

Interactive Brokers Group, Inc. operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors. In addition, it offers custody, prime brokerage, securities, and margin lending services. The company serves institutional and individual customers through approximately 150 electronic exchanges and market centers. Interactive Brokers Group, Inc. was founded in 1977 and is headquartered in Greenwich, Connecticut.

Open

170.00

Mkt cap

18B

Volume

1.1M

High

171.38

P/E Ratio

22.93

52-wk high

173.09

Low

166.65

Div yield

0.00

52-wk low

72.60

Futu Holdings Ltd. (NASDAQ:FUTU) reported a 36% increase in overall revenue in Q3, driven by a 5.3% rise in fee-based revenue and a significant 71% increase in interest income due to U.S. Federal Reserve rate hikes. The company expanded into Japan and Canada, now serving seven markets. Despite a challenging global stock market, Futu's diverse investment products and geographic expansion helped grow its paying client base by 14% year-on-year to 1.65 million. Analysts are cautious about future growth as the interest income boost may fade. Futu's stock performance remains strong, with a year-to-date increase of over 40%, and a P/E ratio of 17, comparable to Charles Schwab (NYSE:SCHW) but lower than Interactive Brokers (NASDAQ:IBKR) and UP Fintech (NASDAQ:TIGR). Futu's entry into Japan faces challenges from zero-commission trading by local brokers, but the company sees potential profitability by offering U.S. stock trading to Japanese customers and introducing Japan stock trading to clients in other markets.

Portfolio Pulse from The Bamboo Works

December 04, 2023 | 1:43 pm

Interactive Brokers Gr (NASDAQ:IBKR) has received mixed analyst ratings in the last quarter, with 2 bullish, 3 somewhat bullish, and 1 indifferent rating. The average 12-month price target among 6 analysts is $108.33, with a high of $118.00 and a low of $97.00. This target has decreased by 1.81% from the previous average of $110.33. Analysts rate stocks based on future earnings potential and company risk, typically updating their ratings quarterly or after significant company events.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 3:00 pm

Redburn Atlantic analyst Charles Bendit has initiated coverage on Interactive Brokers Group (IBKR) with a Buy rating and set a price target of $100.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:35 pm

At the Benzinga Fintech Deal Day & Awards, industry experts discussed shifts in investor behavior post-Covid, with a focus on retail engagement and technology. Stocktwits CEO Rishi Khanna noted a decline in market entry pace and a move past the memestock craze. eToro's U.S. CEO Lule Demmissie highlighted technology and access as growth drivers, with a focus on fixed income and AI innovation. UpLeg's Abdul Zoheb emphasized educational content and trading technology. Interactive Brokers' Steve Sanders reported an uptick in accounts during volatility and a recent surge in bond interest.

Portfolio Pulse from Surbhi Jain

November 14, 2023 | 4:17 pm

Robinhood Markets Inc (NASDAQ:HOOD) is set to report its Q3 earnings on Nov. 7. Analysts expect a negative 10 cents in EPS and $478.41 million in revenue. The company has seen some rebound in sales and income, and a decline in operating expenses. The X1 acquisition could potentially disrupt the business. Analysts have recently lowered price targets for HOOD stock. The stock was trading at $9.59 a share at market close on Nov. 6.

Portfolio Pulse from Surbhi Jain

November 07, 2023 | 3:25 pm

Insiders at Charles Schwab Corporation, Micron Technology, Electronic Arts, and Interactive Brokers Group have recently sold shares. Charles Schwab reported better-than-expected Q3 earnings, Micron commenced construction on a new memory manufacturing facility, Wells Fargo maintained Electronic Arts with an Equal-Weight and raised the price target, and Interactive Brokers reported quarterly earnings beating analyst consensus.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 12:44 pm

Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers (NASDAQ:IBKR), will be a panelist at Benzinga's Fintech Deal Day & Awards event on Nov. 13. Sanders has over two decades of experience at Interactive Brokers and has helped the company achieve over $1.8 billion in net income. In 2022, IBKR launched the IBKR GlobalTrader, a mobile trading application that allows investors to trade stocks and options worldwide and access cryptocurrency through Paxos Trust Company.

Portfolio Pulse from Khyathi Dalal

October 24, 2023 | 1:39 pm

Insiders at Citigroup, Interactive Brokers, Zoom Video Communications, and The Trade Desk have recently sold significant amounts of shares. While insider sales can sometimes indicate concern about a company's prospects, they can also be part of a preplanned sale. All four companies have recently reported better-than-expected earnings.

Portfolio Pulse from Lisa Levin

October 23, 2023 | 11:45 am

The article lists the stocks that have gained and lost the most in Wednesday's mid-day session. Notable gainers include Shift Technologies, Treasure Global, and SeaStar Medical Holding, while significant losers include Nuvve Holding, NuZee, and Color Star Technology. Factors influencing these changes range from bankruptcy filings and FDA approvals to public offerings and earnings reports.

Portfolio Pulse from Lisa Levin

October 18, 2023 | 6:15 pm

Barclays analyst Benjamin Budish maintains an Overweight rating on Interactive Brokers Gr (NASDAQ:IBKR) and raises the price target from $110 to $112.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:45 pm

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