Interactive Brokers Group (NASDAQ:IBKR) Receives Overweight Rating from Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of Interactive Brokers Group (NASDAQ:IBKR) in a research report sent to investors on Wednesday, Benzinga reports. Piper Sandler currently has a $163.00 target price on the financial services provider’s stock.

Other research analysts have also issued research reports about the company. UBS Group boosted their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Barclays increased their target price on shares of Interactive Brokers Group from $147.00 to $166.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, 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 note on Friday, October 4th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $146.78 on Wednesday. Interactive Brokers Group has a 1 year low of $72.60 and a 1 year high of $154.75. The firm has a fifty day moving average of $131.45 and a 200-day moving average of $123.90. The company has a market cap of $61.81 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. During the same period in the previous year, the firm earned $1.55 earnings per share. Analysts predict that Interactive Brokers Group will post 6.92 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IBKR. Tortoise Investment Management LLC grew its holdings in shares of Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 111 shares during the last quarter. Insight Wealth Strategies LLC raised its holdings in Interactive Brokers Group by 0.7% during the 3rd quarter. Insight Wealth Strategies LLC now owns 18,686 shares of the financial services provider’s stock worth $2,604,000 after buying an additional 125 shares during the period. Oliver Luxxe Assets LLC raised its holdings in Interactive Brokers Group by 1.8% during the 1st quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider’s stock worth $787,000 after buying an additional 126 shares during the period. QRG Capital Management Inc. lifted its stake in Interactive Brokers Group by 2.8% during the second quarter. QRG Capital Management Inc. now owns 4,859 shares of the financial services provider’s stock valued at $596,000 after buying an additional 131 shares in the last quarter. Finally, Thrive Wealth Management LLC boosted its holdings in shares of Interactive Brokers Group by 6.0% in the second quarter. Thrive Wealth Management LLC now owns 2,333 shares of the financial services provider’s stock worth $286,000 after buying an additional 132 shares during the period. 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.