Interactive Brokers Group (NASDAQ:IBKR) Stock Price Expected to Rise, Barclays Analyst Says

Interactive Brokers Group (NASDAQ:IBKR) had its price target hoisted by equities researchers at Barclays from $214.00 to $224.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 22.36% from the company’s previous close.

A number of other equities analysts also recently issued reports on IBKR. The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their target price on Interactive Brokers Group from $152.00 to $190.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. UBS Group increased 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. Piper Sandler lifted their price objective on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, Citigroup increased their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average price target of $189.50.

Interactive Brokers Group Stock Down 1.2 %

NASDAQ IBKR opened at $183.06 on Monday. Interactive Brokers Group has a 52 week low of $83.86 and a 52 week high of $193.42. The business has a 50 day moving average price of $181.34 and a 200-day moving average price of $148.36. The company has a market cap of $77.35 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to analyst estimates 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 company posted $1.55 EPS. On average, equities research analysts anticipate that Interactive Brokers Group will post 6.82 earnings per share for the current year.

Institutional Investors Weigh In On Interactive Brokers Group

Institutional investors have recently added to or reduced their stakes in the business. Townsquare Capital LLC raised its position in shares of Interactive Brokers Group by 1.2% in the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock valued at $760,000 after purchasing an additional 67 shares during the period. TD Private Client Wealth LLC raised its holdings in Interactive Brokers Group by 0.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after acquiring an additional 69 shares during the period. Versant Capital Management Inc lifted its position in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 71 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 3.7% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 97 shares during the period. Finally, Boston Financial Mangement LLC grew its position in shares of Interactive Brokers Group by 5.4% in the third quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 100 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other 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.