Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $265.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target boosted by research analysts at UBS Group from $225.00 to $265.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. UBS Group’s price target would indicate a potential upside of 27.99% from the stock’s previous close.

Several other brokerages have also recently commented on IBKR. Jefferies Financial Group boosted their price target 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. Barclays boosted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Piper Sandler reissued an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Citigroup boosted their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Price Performance

IBKR stock traded down $11.94 during trading on Monday, hitting $207.05. 589,398 shares of the company traded hands, compared to its average volume of 1,502,653. The company has a market cap of $87.48 billion, a PE ratio of 29.33, a P/E/G ratio of 1.49 and a beta of 0.87. Interactive Brokers Group has a 1 year low of $88.22 and a 1 year high of $220.66. The stock’s 50-day simple moving average is $186.09 and its 200 day simple moving average is $153.30.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1,372,590.34 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 earnings per share. Research analysts expect that Interactive Brokers Group will post 7.39 earnings per share for the current year.

Institutional Trading of Interactive Brokers Group

A number of large investors have recently made changes to their positions in IBKR. Dimensional Fund Advisors LP increased its stake in shares of Interactive Brokers Group by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 301,688 shares of the financial services provider’s stock worth $36,988,000 after buying an additional 27,621 shares during the period. AQR Capital Management LLC purchased a new position in shares of Interactive Brokers Group during the second quarter worth approximately $250,000. Dark Forest Capital Management LP purchased a new position in shares of Interactive Brokers Group during the second quarter worth approximately $273,000. Nemes Rush Group LLC grew its position in shares of Interactive Brokers Group by 181.8% during the second quarter. Nemes Rush Group LLC now owns 1,037 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 669 shares during the last quarter. Finally, Creative Planning grew its position in shares of Interactive Brokers Group by 12.2% during the second quarter. Creative Planning now owns 7,768 shares of the financial services provider’s stock worth $952,000 after acquiring an additional 845 shares during the last quarter. 23.80% of the stock is currently 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.