Interactive Brokers Group (NASDAQ:IBKR) Given New $214.00 Price Target at Barclays

Interactive Brokers Group (NASDAQ:IBKR) had its price objective boosted by investment analysts at Barclays from $165.00 to $214.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective points to a potential upside of 14.46% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Jefferies Financial Group increased their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, UBS Group increased their target price on shares of 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 research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.13.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $186.96 on Monday. The stock has a market cap of $78.99 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 1.46 and a beta of 0.85. Interactive Brokers Group has a fifty-two week low of $78.93 and a fifty-two week high of $193.42. The firm’s 50-day simple moving average is $165.11 and its 200 day simple moving average is $138.27.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter in the previous year, the firm earned $1.55 EPS. As a group, analysts predict that Interactive Brokers Group will post 6.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC lifted its position in shares of Interactive Brokers Group by 172.1% during the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock worth $1,528,000 after acquiring an additional 7,884 shares in the last quarter. Aurora Investment Counsel bought a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at $1,693,000. Versor Investments LP purchased a new stake in Interactive Brokers Group during the 3rd quarter worth about $474,000. Waverton Investment Management Ltd bought a new position in Interactive Brokers Group in the 3rd quarter worth about $26,946,000. Finally, DRW Securities LLC bought a new position in Interactive Brokers Group in the 3rd quarter worth about $2,977,000. 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.