Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $231.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target lifted by equities researchers at Barclays from $224.00 to $231.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 19.79% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. Citigroup raised their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Keefe, Bruyette & Woods raised their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. UBS Group raised their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Piper Sandler upped their price objective on Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $191.00.

Interactive Brokers Group Trading Up 1.4 %

Interactive Brokers Group stock opened at $192.83 on Wednesday. The firm has a market capitalization of $81.47 billion, a P/E ratio of 29.44, a P/E/G ratio of 1.38 and a beta of 0.87. Interactive Brokers Group has a twelve month low of $88.22 and a twelve month high of $194.87. The stock’s fifty day simple moving average is $184.08 and its 200-day simple moving average is $151.45.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1,372,590.34 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. Interactive Brokers Group’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 EPS. Sell-side analysts predict that Interactive Brokers Group will post 6.99 earnings per share for the current year.

Institutional Trading of Interactive Brokers Group

A number of hedge funds and other institutional investors have recently made changes to their positions in IBKR. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group during the 4th quarter worth approximately $25,000. Versant Capital Management Inc boosted its holdings in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares during the period. Harbor Investment Advisory LLC boosted its holdings in shares of Interactive Brokers Group by 100.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 100 shares during the period. UMB Bank n.a. grew its position in shares of Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 224 shares during the last quarter. Finally, Smithfield Trust Co increased its holdings in shares of Interactive Brokers Group by 80.6% in the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

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.