Interactive Brokers Group (NASDAQ:IBKR) Sets New 1-Year High on Analyst Upgrade

Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s stock price hit a new 52-week high on Wednesday after Piper Sandler raised their price target on the stock from $45.50 to $65.00. Piper Sandler currently has an overweight rating on the stock. Interactive Brokers Group traded as high as $60.35 and last traded at $59.63, with a volume of 6050380 shares. The stock had previously closed at $59.60.

Several other equities analysts have also recently weighed in on the stock. Bank of America lowered their price objective on shares of Interactive Brokers Group from $66.25 to $60.75 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Barclays reiterated an “overweight” rating and issued a $65.00 price objective on shares of Interactive Brokers Group in a research note on Thursday, July 10th. Citigroup increased their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Wall Street Zen upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Finally, The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.38.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd raised its stake in Interactive Brokers Group by 39.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares during the period. Compound Planning Inc. raised its position in shares of Interactive Brokers Group by 1.1% during the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock valued at $958,000 after buying an additional 62 shares during the last quarter. CWM LLC raised its position in shares of Interactive Brokers Group by 6.6% during the first quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock valued at $176,000 after buying an additional 66 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Interactive Brokers Group by 0.8% during the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider’s stock valued at $1,410,000 after buying an additional 70 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Interactive Brokers Group by 2.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider’s stock valued at $502,000 after buying an additional 73 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

The stock has a market cap of $100.47 billion, a P/E ratio of 32.17, a PEG ratio of 2.70 and a beta of 1.25. The firm’s 50-day moving average price is $53.49 and its 200-day moving average price is $49.23.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($1.22). Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. Interactive Brokers Group’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.76 EPS. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

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.