Interactive Brokers Group (NASDAQ:IBKR) Issues Quarterly Earnings Results

Interactive Brokers Group (NASDAQ:IBKR) released its quarterly earnings results on Thursday. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.05, Zacks reports. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.76 EPS.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $59.43 on Friday. Interactive Brokers Group has a 52-week low of $25.92 and a 52-week high of $62.70. The stock’s 50-day simple moving average is $53.49 and its 200 day simple moving average is $49.23. The stock has a market capitalization of $100.47 billion, a P/E ratio of 32.17, a P/E/G ratio of 2.70 and a beta of 1.25.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IBKR. 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 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. Piper Sandler lifted their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Finally, Barclays reaffirmed an “overweight” rating and set a $65.00 price objective on shares of Interactive Brokers Group in a report on Thursday, July 10th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.38.

Institutional Investors Weigh In On Interactive Brokers Group

A hedge fund recently raised its stake in Interactive Brokers Group stock. AQR Capital Management LLC lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 24.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,704 shares of the financial services provider’s stock after purchasing an additional 2,713 shares during the quarter. AQR Capital Management LLC’s holdings in Interactive Brokers Group were worth $2,269,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

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.