Interactive Brokers Group (NASDAQ:IBKR) Hits New 52-Week High – Still a Buy?

Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $151.98 and last traded at $151.98, with a volume of 4463 shares changing hands. The stock had previously closed at $151.14.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. 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 note on Tuesday, October 8th. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. Jefferies Financial Group upped their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Barclays raised their target price on Interactive Brokers Group from $147.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, UBS Group upped their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.11.

Interactive Brokers Group Price Performance

The business has a 50 day simple moving average of $130.77 and a 200 day simple moving average of $123.74. The company has a market cap of $64.41 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.02. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 EPS. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 6.92 earnings per share for the current fiscal year.

Institutional Trading of Interactive Brokers Group

Several hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP raised its position in Interactive Brokers Group by 126.3% in the 4th quarter. Wellington Management Group LLP now owns 49,968 shares of the financial services provider’s stock worth $4,142,000 after purchasing an additional 27,885 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Interactive Brokers Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock worth $803,306,000 after acquiring an additional 123,226 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at $367,000. HighPoint Advisor Group LLC bought a new position in Interactive Brokers Group in the fourth quarter valued at about $345,000. Finally, Kapitalo Investimentos Ltda increased its position in Interactive Brokers Group by 278.0% in the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 353 shares during the period. 23.80% of the stock is owned by institutional investors.

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.