Interactive Brokers Group (NASDAQ:IBKR) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Interactive Brokers Group (NASDAQ:IBKR) had its target price increased by equities researchers at Keefe, Bruyette & Woods from $152.00 to $190.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 9.33% from the company’s previous close.

IBKR has been the topic of several other research reports. 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 report on Tuesday, October 8th. Barclays boosted their target price on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Piper Sandler restated an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group raised their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $173.00.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $173.79 on Friday. The business’s 50-day moving average price is $171.03 and its 200-day moving average price is $141.31. Interactive Brokers Group has a twelve month low of $80.92 and a twelve month high of $193.42. The stock has a market cap of $73.43 billion, a PE ratio of 26.53, a P/E/G ratio of 1.42 and a beta of 0.85.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) 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 the consensus estimate of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same period in the prior year, the business posted $1.55 EPS. Analysts expect that Interactive Brokers Group will post 6.82 earnings per share for the current fiscal year.

Institutional Trading of Interactive Brokers Group

Several institutional investors and hedge funds have recently modified their holdings of IBKR. Millennium Management LLC lifted its position in Interactive Brokers Group by 1,292.1% in the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after buying an additional 1,004,289 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Interactive Brokers Group during the third quarter valued at approximately $83,630,000. Marshall Wace LLP raised its holdings in shares of Interactive Brokers Group by 23.8% in the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after buying an additional 481,826 shares during the period. Waverton Investment Management Ltd purchased a new position in Interactive Brokers Group during the 3rd quarter valued at $26,946,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after purchasing an additional 187,010 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

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.