Interactive Brokers Group (NASDAQ:IBKR) PT Raised to $138.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target lifted by Jefferies Financial Group from $133.00 to $138.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 24.77% from the stock’s current price.

Several other research firms have also commented on IBKR. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $88.00 to $102.00 in a research report on Tuesday, January 9th. Bank of America lifted their price objective on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday. Barclays boosted their price target on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday. Piper Sandler boosted their price objective on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, Citigroup boosted their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

Interactive Brokers Group Trading Up 1.3 %

NASDAQ:IBKR opened at $110.60 on Wednesday. Interactive Brokers Group has a 12-month low of $70.83 and a 12-month high of $116.92. The stock has a market capitalization of $46.57 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.22 and a beta of 0.83. The stock has a 50-day moving average price of $108.49 and a 200 day moving average price of $92.68.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). The company 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 7.62% and a return on equity of 4.84%. The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 EPS. On average, research analysts predict that Interactive Brokers Group will post 6.36 earnings per share for the current fiscal year.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, insider Thomas Aj Frank sold 50,300 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $90.53, for a total transaction of $4,553,659.00. Following the sale, the insider now owns 445,352 shares of the company’s stock, valued at $40,317,716.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Thomas Aj Frank sold 50,300 shares of Interactive Brokers Group stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $90.53, for a total value of $4,553,659.00. Following the transaction, the insider now directly owns 445,352 shares in the company, valued at approximately $40,317,716.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Earl H. Nemser sold 25,782 shares of Interactive Brokers Group stock in a transaction on Monday, February 5th. The shares were sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the completion of the transaction, the insider now owns 208,770 shares in the company, valued at $19,981,376.70. The disclosure for this sale can be found here. Insiders have sold a total of 428,883 shares of company stock valued at $40,395,135 over the last 90 days. 3.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Interactive Brokers Group

Several institutional investors and hedge funds have recently made changes to their positions in IBKR. Vanguard Group Inc. raised its holdings in Interactive Brokers Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock valued at $803,306,000 after acquiring an additional 123,226 shares during the last quarter. BlackRock Inc. grew its stake in shares of Interactive Brokers Group by 0.8% in the first quarter. BlackRock Inc. now owns 8,972,309 shares of the financial services provider’s stock valued at $740,754,000 after buying an additional 69,018 shares in the last quarter. Greenwich Wealth Management LLC grew its stake in Interactive Brokers Group by 6.5% during the 3rd quarter. Greenwich Wealth Management LLC now owns 3,117,859 shares of the financial services provider’s stock valued at $269,882,000 after purchasing an additional 189,555 shares in the last quarter. Finally, State Street Corp grew its stake in Interactive Brokers Group by 2.8% during the 2nd quarter. State Street Corp now owns 2,818,815 shares of the financial services provider’s stock valued at $234,159,000 after purchasing an additional 76,695 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other 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.