Interactive Brokers Group (NASDAQ:IBKR) Announces Earnings Results

Interactive Brokers Group (NASDAQ:IBKR) issued its quarterly earnings results on Tuesday. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03), Yahoo Finance reports. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. During the same quarter in the prior year, the company earned $1.55 earnings per share.

Interactive Brokers Group Price Performance

IBKR opened at $152.98 on Wednesday. Interactive Brokers Group has a fifty-two week low of $72.60 and a fifty-two week high of $154.75. The company has a market cap of $64.41 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80. The firm has a 50 day simple moving average of $130.77 and a 200 day simple moving average of $123.74.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on IBKR shares. Barclays increased their price target on shares of Interactive Brokers Group from $147.00 to $166.00 and gave the company an “overweight” rating in a report on Monday, October 7th. UBS Group raised their price objective 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. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Piper Sandler raised their price objective on shares of Interactive Brokers Group from $140.00 to $163.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group increased their target price on shares of 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 research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.11.

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.