Interactive Brokers Group (NASDAQ:IBKR) Rating Reiterated by Piper Sandler

Interactive Brokers Group (NASDAQ:IBKR)‘s stock had its “overweight” rating reaffirmed by investment analysts at Piper Sandler in a research report issued on Wednesday, Benzinga reports. They presently have a $163.00 price objective on the financial services provider’s stock. Piper Sandler’s target price would indicate a potential upside of 9.08% from the company’s current price.

A number of other brokerages also recently commented on IBKR. Barclays increased their price target on Interactive Brokers Group from $147.00 to $166.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Jefferies Financial Group raised their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. UBS Group boosted their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $149.43 on Wednesday. The company has a fifty day moving average price of $132.12 and a 200-day moving average price of $124.08. The firm has a market cap of $62.92 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.34 and a beta of 0.80. Interactive Brokers Group has a 1 year low of $72.60 and a 1 year high of $154.75.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data 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). Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the company posted $1.55 earnings per share. On average, research analysts anticipate that Interactive Brokers Group will post 6.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Interactive Brokers Group

Large investors have recently modified their holdings of the business. SG Americas Securities LLC grew its stake in Interactive Brokers Group by 172.1% in the 2nd quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock valued at $1,528,000 after buying an additional 7,884 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Interactive Brokers Group in the first quarter worth $796,000. Janus Henderson Group PLC grew its position in shares of Interactive Brokers Group by 9.9% in the first quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock valued at $12,173,000 after purchasing an additional 9,858 shares in the last quarter. Norden Group LLC raised its stake in shares of Interactive Brokers Group by 1,272.1% during the 1st quarter. Norden Group LLC now owns 104,400 shares of the financial services provider’s stock valued at $11,662,000 after purchasing an additional 96,791 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Interactive Brokers Group by 26.2% during the 1st quarter. Van ECK Associates Corp now owns 43,711 shares of the financial services provider’s stock worth $4,883,000 after purchasing an additional 9,082 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

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.