Barclays Issues Positive Forecast for Interactive Brokers Group (NASDAQ:IBKR) Stock Price

Interactive Brokers Group (NASDAQ:IBKR) had its price target upped by analysts at Barclays from $224.00 to $231.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 10.76% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. UBS Group upped their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Piper Sandler upped 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 note on Tuesday, January 7th. Keefe, Bruyette & Woods upped their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Finally, Jefferies Financial Group upped their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One 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, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $192.25.

Interactive Brokers Group Price Performance

IBKR stock opened at $208.55 on Wednesday. Interactive Brokers Group has a 52-week low of $88.22 and a 52-week high of $212.84. The company’s 50 day simple moving average is $185.31 and its 200-day simple moving average is $152.25. The firm has a market capitalization of $88.12 billion, a P/E ratio of 29.54, a P/E/G ratio of 1.40 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.11%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1,372,590.34 billion. During the same quarter in the previous year, the business earned $1.52 earnings per share. The firm’s revenue was up 21.8% compared to the same quarter last year. Sell-side analysts predict that Interactive Brokers Group will post 7.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Caprock Group LLC increased its stake in shares of Interactive Brokers Group by 47.5% during the 4th quarter. Caprock Group LLC now owns 2,971 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 957 shares during the last quarter. OLD National Bancorp IN boosted its holdings in shares of Interactive Brokers Group by 3.9% during the 4th quarter. OLD National Bancorp IN now owns 4,975 shares of the financial services provider’s stock worth $879,000 after buying an additional 185 shares during the period. First Affirmative Financial Network bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth $210,000. Ibex Wealth Advisors bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth $5,503,000. Finally, BOCHK Asset Management Ltd bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth $62,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.