Interactive Brokers Group (NASDAQ:IBKR) Issues Quarterly Earnings Results

Interactive Brokers Group (NASDAQ:IBKR) announced its quarterly earnings results on Tuesday. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22, Briefing.com reports. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1,372,590.34 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The company’s revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 EPS.

Interactive Brokers Group Stock Up 1.4 %

Shares of NASDAQ IBKR traded up $2.74 during trading on Tuesday, reaching $192.83. The company had a trading volume of 1,945,265 shares, compared to its average volume of 1,255,331. The business’s 50-day moving average is $183.81 and its 200 day moving average is $150.96. The stock has a market cap of $81.47 billion, a PE ratio of 29.44, a P/E/G ratio of 1.38 and a beta of 0.87. Interactive Brokers Group has a 12-month low of $88.22 and a 12-month high of $194.87.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Piper Sandler boosted their price objective on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Barclays raised their target price on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Citigroup lifted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, UBS Group increased their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.13.

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.