Citigroup Issues Pessimistic Forecast for Interactive Brokers Group (NASDAQ:IBKR) Stock Price

Interactive Brokers Group (NASDAQ:IBKR) had its price target decreased by equities research analysts at Citigroup from $242.00 to $215.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s target price indicates a potential upside of 21.56% from the stock’s previous close.

A number of other brokerages have also recently issued reports on IBKR. Keefe, Bruyette & Woods raised 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. The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. UBS Group increased their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Barclays upped their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, StockNews.com lowered shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.50.

Interactive Brokers Group Trading Up 2.2 %

Shares of IBKR traded up $3.79 during mid-day trading on Wednesday, hitting $176.87. 715,813 shares of the company traded hands, compared to its average volume of 1,241,861. The business has a 50-day moving average of $201.05 and a 200 day moving average of $179.46. Interactive Brokers Group has a one year low of $103.69 and a one year high of $236.53. The stock has a market capitalization of $74.74 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 earnings per share. As a group, analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.99% of the company’s stock.

Institutional Trading of Interactive Brokers Group

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in Interactive Brokers Group by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock valued at $559,821,000 after acquiring an additional 11,379 shares during the period. Cantillon Capital Management LLC increased its holdings in shares of Interactive Brokers Group by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock valued at $599,917,000 after purchasing an additional 18,047 shares during the last quarter. State Street Corp raised its position in shares of Interactive Brokers Group by 1.7% in the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after purchasing an additional 52,911 shares during the period. Bank of America Corp DE lifted its stake in shares of Interactive Brokers Group by 91.4% during the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider’s stock worth $413,226,000 after buying an additional 1,117,186 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Interactive Brokers Group by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider’s stock worth $399,205,000 after buying an additional 193,497 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

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.