Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $125.00 at Piper Sandler

Interactive Brokers Group (NASDAQ:IBKR) had its price target raised by Piper Sandler from $105.00 to $125.00 in a report published on Friday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the financial services provider’s stock.

IBKR has been the subject of several other research reports. UBS Group reduced their price objective on shares of Interactive Brokers Group from $108.00 to $104.00 and set a buy rating for the company in a research report on Tuesday, January 9th. The Goldman Sachs Group raised Interactive Brokers Group from a neutral rating to a buy rating and raised their price objective for the stock from $88.00 to $102.00 in a research note on Tuesday, January 9th. Barclays boosted their target price on Interactive Brokers Group from $117.00 to $132.00 and gave the stock an overweight rating in a research report on Monday, April 8th. Finally, Citigroup increased their price target on Interactive Brokers Group from $105.00 to $135.00 and gave the company a buy rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $118.13.

Interactive Brokers Group Trading Down 1.1 %

Shares of NASDAQ:IBKR opened at $109.16 on Friday. The company has a 50 day moving average of $107.60 and a 200-day moving average of $92.29. The firm has a market cap of $45.96 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.26 and a beta of 0.83. Interactive Brokers Group has a twelve month low of $70.83 and a twelve month high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company earned $1.30 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities research analysts forecast that Interactive Brokers Group will post 6.32 EPS for the current year.

Insider Buying and Selling

In other Interactive Brokers Group news, insider Thomas Aj Frank sold 50,300 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $90.53, for a total value of $4,553,659.00. Following the transaction, the insider now owns 445,352 shares in the company, valued at approximately $40,317,716.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Vice Chairman Earl H. Nemser sold 74,218 shares of Interactive Brokers Group stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the completion of the sale, the insider now directly owns 234,552 shares in the company, valued at approximately $22,585,012.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas Aj Frank sold 50,300 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $90.53, for a total value of $4,553,659.00. Following the completion of the transaction, the insider now owns 445,352 shares in the company, valued at approximately $40,317,716.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 441,800 shares of company stock worth $41,540,615. 3.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IBKR. International Assets Investment Management LLC acquired a new position in Interactive Brokers Group during the fourth quarter worth $7,841,000. Darwin Wealth Management LLC bought a new position in shares of Interactive Brokers Group in the third quarter valued at approximately $1,775,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Interactive Brokers Group by 93.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider’s stock valued at $3,044,000 after purchasing an additional 16,996 shares during the period. Lecap Asset Management Ltd. acquired a new stake in shares of Interactive Brokers Group in the fourth quarter worth $1,910,000. Finally, Ellsworth Advisors LLC bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth $4,148,000. Institutional investors and hedge funds 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.