Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $224.00

Interactive Brokers Group (NASDAQ:IBKR) had its price objective lifted by Barclays from $214.00 to $224.00 in a research report sent to investors on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

IBKR has been the topic of a number of other research reports. UBS Group raised their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Citigroup increased 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 report on Friday, January 10th. Piper Sandler boosted their price target on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. 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. Finally, The Goldman Sachs Group raised their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus target price of $190.13.

Interactive Brokers Group Stock Up 1.8 %

IBKR opened at $185.85 on Monday. The company has a market cap of $78.53 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.35 and a beta of 0.87. Interactive Brokers Group has a twelve month low of $83.86 and a twelve month high of $193.42. The company has a 50-day moving average price of $182.48 and a 200 day moving average price of $149.21.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates 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 previous year, the company earned $1.55 EPS. As a group, sell-side analysts expect that Interactive Brokers Group will post 6.9 earnings per share for the current year.

Institutional Trading of Interactive Brokers Group

Several institutional investors have recently made changes to their positions in IBKR. Hanseatic Management Services Inc. raised its position in Interactive Brokers Group by 1.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 7,313 shares of the financial services provider’s stock valued at $1,292,000 after purchasing an additional 97 shares during the period. HB Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $332,000. Premier Path Wealth Partners LLC purchased a new stake in Interactive Brokers Group in the 4th quarter valued at about $236,000. Chemistry Wealth Management LLC acquired a new position in Interactive Brokers Group in the fourth quarter valued at about $208,000. Finally, Everpar Advisors LLC boosted its stake in Interactive Brokers Group by 3.8% during the fourth quarter. Everpar Advisors LLC now owns 5,295 shares of the financial services provider’s stock worth $935,000 after buying an additional 192 shares during the period. Hedge funds and other institutional investors 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.