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

181.00

Mkt cap

20B

Volume

697K

High

181.25

P/E Ratio

27.96

52-wk high

193.42

Low

177.55

Div yield

0.00

52-wk low

78.93

Goldman Sachs (GS) is set to report Q4 earnings on Jan. 16 with expected EPS of $3.11 and revenue of $9.84 billion. GS stock gained 11.5% in 2023, trailing Interactive Brokers Group (IBKR) but outperforming Morgan Stanley (MS), Charles Schwab (SCHW), and Raymond James Financial (RJF). Analysts focus on GS's financial strength, trading revenue, and 2024 outlook amid potential for increased M&A activities. The consensus rating is a Buy with a target of $362.29, while UBS, JPMorgan, and Barclays have higher targets. GS shares closed slightly lower at $377.75.

Portfolio Pulse from Surbhi Jain

January 15, 2024 | 1:32 pm

Insiders at Interactive Brokers Group, T-Mobile US, Cano Health, and TransAct Technologies have recently sold shares. Interactive Brokers' CIO sold shares after an analyst upgrade and price target raise. T-Mobile's 10% owner sold shares amidst a senior notes sale. Cano Health's 10% owner sold shares following a NYSE non-compliance notice. TransAct Technologies' 10% owner sold shares after approval to sell a product in the U.S. market. Insider sales can indicate various sentiments and should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 12:35 pm

Interactive Brokers Gr (NASDAQ:IBKR) received mixed analyst ratings in the latest quarter, with 3 bullish and 1 somewhat bullish out of 4 total ratings. The average 12-month price target is $104.5, reflecting a 2.45% increase from the previous $102.00 target. Analysts from UBS, Goldman Sachs, Redburn Atlantic, and Barclays have adjusted their price targets and ratings, indicating a dynamic perception of the company's performance. Interactive Brokers generates revenue from trading commissions, net interest income, and ancillary services, with a strong presence in the U.S. and international markets. The company's financial performance shows a high revenue growth rate but challenges in net margin, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 9:01 pm

UBS analyst Brennan Hawken has maintained a Buy rating on Interactive Brokers Group (IBKR) but has reduced the price target from $108 to $104.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:17 pm

Goldman Sachs analyst James Yaro upgraded Interactive Brokers Group, Inc (NASDAQ:IBKR) from Neutral to Buy and raised the price target from $88 to $102. Despite a recent rally, Yaro believes the market overestimates the company's rate sensitivity and sees potential for earnings to remain stable even with multiple rate cuts. He views the current valuation as an attractive entry point with upside risk.

Portfolio Pulse from Priya Nigam

January 09, 2024 | 3:49 pm

Goldman Sachs analyst James Yaro has upgraded Interactive Brokers Group (IBKR) from Neutral to Buy and increased the price target from $88 to $102.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 10:14 am

Interactive Brokers Group, Inc. (NASDAQ:IBKR) shares have risen after a decline at the end of November, with a strong performance in December and into the new year. The company reported increased Daily Average Revenue Trades (DARTs) for December, up 13% year-over-year and 4% month-over-month. Additionally, Rich Repetto was appointed as an independent director effective Jan. 1. The stock's rise may also be attributed to positive investor sentiment in December. Interactive Brokers Group is expected to report Q4 earnings on Jan. 16, with an estimated EPS of $1.55 and expected revenue of $1.14 billion. At the time of publication, IBKR shares were up 2.70% at $86.83.

Portfolio Pulse from Ryan Gustafson

January 03, 2024 | 7:44 pm

Interactive Brokers Group, Inc. (IBKR) reported increased brokerage metrics for December 2023. DARTs were up 13% YoY and 4% MoM, client equity grew 39% YoY, margin loans rose 14% YoY, and client credit balances increased 10% YoY. Client accounts were up 23% YoY. The company experienced a small mark-to-market loss on U.S. government securities for the quarter but a gain for the year. The GLOBAL value also rose in December and for the year.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 5:12 pm

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

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