Piper Sandler Issues Positive Forecast for Interactive Brokers Group (NASDAQ:IBKR) Stock Price

Interactive Brokers Group (NASDAQ:IBKR) had its price target boosted by Piper Sandler from $45.50 to $65.00 in a research report report published on Tuesday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the company. The Goldman Sachs Group boosted their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Barclays reaffirmed an “overweight” rating and set a $65.00 target price on shares of Interactive Brokers Group in a report on Thursday, July 10th. Wall Street Zen raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Bank of America dropped their price target on shares of Interactive Brokers Group from $66.25 to $60.75 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup lifted their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a report on Monday, July 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.38.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $59.63 on Tuesday. The business’s 50-day moving average is $52.93 and its two-hundred day moving average is $49.05. The company has a market capitalization of $100.80 billion, a P/E ratio of 32.28, a P/E/G ratio of 2.75 and a beta of 1.25. Interactive Brokers Group has a fifty-two week low of $25.92 and a fifty-two week high of $60.35.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, April 15th. The financial services provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 4.97% and a net margin of 9.53%. Analysts forecast that Interactive Brokers Group will post 7.46 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. N.E.W. Advisory Services LLC acquired a new position in Interactive Brokers Group during the first quarter worth $26,000. Contravisory Investment Management Inc. grew its position in shares of Interactive Brokers Group by 300.0% in the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 423 shares during the period. Aster Capital Management DIFC Ltd increased its stake in shares of Interactive Brokers Group by 39.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares in the last quarter. City Holding Co. acquired a new position in shares of Interactive Brokers Group during the 1st quarter worth about $33,000. Finally, Nvwm LLC acquired a new position in shares of Interactive Brokers Group during the 1st quarter worth about $33,000. Hedge funds and other institutional investors 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.