On Jan. 05, Brody Paul Jonathan divested U.S. $327,583 in shares of Interactive Brokers Group Inc.. The CFO sold 5,065 shares at a price per share of $64.68. The transaction decreased this specific insider’s holdings to 849,848 shares worth around $58.79 million at present.
Another 36,345 shares were sold by Frank Thomas Aj, for more than $2,350,752 in total proceeds. The CIO dumped the shares at a price of $64.68 and the insider now owns almost 1,441,270 shares.
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Compass Point took its Interactive Brokers Group Inc. [IBKR] rating to the equivalent of a Buy from a Neutral, and the price target to $62, in a research note dated December 02, 2020. That figure represents around a -11.58% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with Compass Point’s analysts upgrading the shares from “a Neutral” rating to “a Buy” rating in a research note to investors issued in early December. Meanwhile, Compass Point had lowered its rating on IBKR to “Neutral” from the earlier “Buy”, in a research note produced for clients July 22, 2020. In addition, there was a new coverage from Credit Suisse on June 23, 2020. The research firm rated IBKR “an Outperform”.
Is Interactive Brokers Group Inc. [NASDAQ:IBKR] a Good Buy Right Now?
It should be noted that IBKR technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Interactive Brokers Group Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.83 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.7 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.61 million shares.
IBKR Price Performance
On Wall Street, Interactive Brokers Group Inc. [NASDAQ:IBKR] finished Thursday’s session up 3.39% at $69.18. The stock went up to $70.62 at the same session while its lowest single day price was $67.08. In the last five days, it saw a rise of about 15.07%, Interactive Brokers Group Inc. shares gained by almost 13.56% since the beginning of the year. However, the share price has dropped to as low as 0.95% below its one year high. On 01/07/21, the company shares recorded $70.62, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $59.99. The company’s shares have inclined by 43.89% in the past year. The 50-day SMA achieved is $55.08 while the 200-day SMA is $48.46. Volume dropped to 1.52 million from 1.92 million in the previous session.
Interactive Brokers Group Inc. [IBKR] Valuation Measures
Notably, Interactive Brokers Group Inc. [IBKR] stock cannot be classified as a good candidate in the listing of underestimated low-priced Capital Markets companies to purchase soonest possible with the prevailing 12-month PE ratio of 32.13. The measure means the stock is exchanging at a premium as compared to the 17.47x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 11.90 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 3.75 which means IBKR serve an unattractive investment opportunity compared to its competitors.
IBKR Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 67.30 level, and in case of violation of this particular level, it will cause more drop to 65.42 level. On the upper level, 72.50 is still the key resistance. The stock may increase to the subsequent resistance at 70.84. The Relative Strength Index (RSI) pinned on the 14-day chart is 79.96, implying a overbought technical stance while the MACD stands at 4.56, meaning price will increase in the next trading period. Percent R indicator moved to 10.75%, implying bullish price movement. Stochastic %K at 91.14% suggest selling the stock.
What is the short interest in Interactive Brokers Group Inc.?
Short interest in the Interactive Brokers Group Inc. stock has surged, increasing by 0.21 million shares to total 2.04 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 2.25 million, data from Yahoo Finance shows. The decrease of -10.29% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 2.38% of the overall float for the stock.
Interactive Brokers Group Inc.’s Biggest Shareholders: Who Owns Interactive Brokers Group Inc. [IBKR]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 6,865,128 shares or roughly 7.56% of the outstanding IBKR shares. This means their shares have reduced by -57,426 from the 6,865,128 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Kayne Anderson Rudnick Investment updated stake is worth $356,560,311. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -1.71% stake valued at $301,618,368 while Bares Capital Management, Inc. cut theirs at $290,845,831. During the last quarter, BlackRock Fund Advisors liquidated -99,318 of its shares in Interactive Brokers Group Inc. while Bares Capital Management, Inc. sold -198,683 shares. The Baillie Gifford & Co.’s holdings currently number 4,250,569 shares at $294054363.42. According to the firm’s last 13F report, Cantillon Capital Management LLC shares in the company at filing stood at 2,488,447 shares, roughly $131,290,464.
IBKR Earnings Forecast For The Current Quarter
Interactive Brokers Group Inc. [IBKR] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $535.83M and an earnings per share of $0.57 for Dec 2020. Looking further ahead, the company is expected to report revenue of $523.83M at an EPS of $0.54 for Mar 2021. The estimates represent upside of -2.50% and -10.67% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
IBKR Earnings Estimates For The Current Year
For the financial year, Interactive Brokers Group Inc. [NASDAQ:IBKR] is expected to bring in revenue of $2.16B. The returns are nearly $220.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 2.36, higher than that of FY19 by $0.26. Estimates put this year’s earnings growth at 12.40%, -7.60% for the next, and at an annual 2.86% over the next 5-year period. As for sales, forecasts are for an increase of 11.60% in the current fiscal year and a further -2.50% over the following year.
What are analyst thoughts on Interactive Brokers Group Inc.?
Looking forward to the Interactive Brokers Group Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Interactive Brokers Group Inc. stock at $60.50 within the next 12 months, which represents almost -14.35 per cent growth from its previous closing price of $69.18. The highest analysts’ target for Interactive Brokers Group Inc. stock projections is $66.00 and the lowest one is $55.00. Still, 6 analysts sharing their consensus rating for IBKR stock in 2021 agree that it is an Overweight.