Interactive Brokers Group (NASDAQ:IBKR) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Interactive Brokers Group (NASDAQ:IBKR) announced its earnings results on Tuesday. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03), Yahoo Finance reports. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. During the same quarter last year, the firm posted $1.55 EPS.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $152.98 on Wednesday. The firm has a market cap of $64.41 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 1.34 and a beta of 0.80. Interactive Brokers Group has a 52 week low of $72.60 and a 52 week high of $154.75. The firm’s 50-day simple moving average is $130.77 and its 200 day simple moving average is $123.74.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several analyst reports. UBS Group upped their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group upped their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Barclays upped their price target on shares of Interactive Brokers Group from $147.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Piper Sandler increased their price objective on shares of Interactive Brokers Group from $140.00 to $163.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $143.11.

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.