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What Analysts Recommend for Interactive Brokers Group

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Jul. 26 2018, Updated 7:31 a.m. ET

Ratings on IBKR after Q2 2018

Proprietary trading firms and hedge funds formed 4% of Interactive Brokers Group’s (IBKR) total accounts in the second quarter. During the same period, of the total commissions and client equity, they formed 26% and 20%, respectively.

Of the six analysts that are currently covering Interactive Brokers Group, two analysts suggested a “strong buy,” one recommended a “strong sell,” and three suggested a “hold” on the stock. In the same month, of the total 19 analysts covering Charles Schwab (SCHW), 36.8% recommend a “strong buy.” Of the 15 analysts covering E*TRADE Financial (ETFC), 40% suggest a “strong buy” in the current month.

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In the previous month, three analysts gave a “hold” on Interactive Brokers, two suggested a “strong sell,” and the remaining two gave a “strong buy.” In the second quarter, individual customers formed the highest portion of Interactive Brokers Group’s accounts at 50%. Of the total commissions and customer equity, individual customers formed 49% and 36%, respectively. Wall Street has a one-year price target of $70.60, which represents an increase of 12.1% from the current price of $63.

Fall in IBKR’s expenses  

In the second quarter, Interactive Brokers incurred total non-interest expenses amounting to $174 million, a fall from $183 million in Q2 2017, as general and administrative expenses and bad customer debt fell. In the second quarter, general and administrative expenses were $22 million, while in Q2 2017 they were $36 million.

Competitor (VFH) TD Ameritrade Holding (AMTD) has a one-year target estimate of $67.07.

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