Interactive Brokers Group (NASDAQ:IBKR) Stock Price Expected to Rise, Barclays Analyst Says

Interactive Brokers Group (NASDAQ:IBKR) had its target price boosted by investment analysts at Barclays from $165.00 to $214.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price points to a potential upside of 14.46% from the company’s current price.

A number of other equities analysts have also commented on the stock. 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 report on Tuesday, October 8th. The Goldman Sachs Group raised their price target 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. Piper Sandler reiterated an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Finally, Jefferies Financial Group boosted their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $166.13.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $186.96 on Monday. The company has a market capitalization of $78.99 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 1.46 and a beta of 0.85. Interactive Brokers Group has a 52-week low of $78.93 and a 52-week high of $193.42. The business’s fifty day moving average is $165.11 and its 200 day moving average is $138.27.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations 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 business earned $1.55 EPS. On average, sell-side analysts forecast that Interactive Brokers Group will post 6.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Interactive Brokers Group

Large investors have recently bought and sold shares of the stock. Tortoise Investment Management LLC boosted its stake in shares of Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 111 shares during the period. Fairfield Financial Advisors LTD bought a new stake in Interactive Brokers Group during the 2nd quarter valued at $32,000. UMB Bank n.a. boosted its position in Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after buying an additional 224 shares during the period. Smithfield Trust Co grew its holdings in Interactive Brokers Group by 80.6% in the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 154 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of Interactive Brokers Group in the third quarter valued at about $49,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

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.