Interactive Brokers Group (NASDAQ:IBKR) Price Target Increased to $138.00 by Analysts at Jefferies Financial Group

Interactive Brokers Group (NASDAQ:IBKR) had its target price lifted by stock analysts at Jefferies Financial Group from $133.00 to $138.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 26.34% from the stock’s previous close.

IBKR has been the topic of a number of other research reports. Bank of America upped their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays increased their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday. 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 note on Thursday, April 11th. The Goldman Sachs Group upgraded Interactive Brokers Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $88.00 to $102.00 in a research note on Tuesday, January 9th. Finally, UBS Group dropped their price target on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

Interactive Brokers Group Stock Up 1.7 %

NASDAQ:IBKR opened at $109.23 on Wednesday. Interactive Brokers Group has a twelve month low of $70.83 and a twelve month high of $116.92. The company has a market cap of $45.99 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.83. The business has a 50 day moving average price of $108.19 and a two-hundred day moving average price of $92.55.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Interactive Brokers Group had a return on equity of 4.84% and a net margin of 7.62%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company earned $1.30 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, analysts anticipate that Interactive Brokers Group will post 6.36 earnings per share for the current fiscal year.

Insider Transactions at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following the sale, the insider now directly owns 113,770 shares of the company’s stock, valued at approximately $11,929,922.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the sale, the insider now directly owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the sale, the insider now directly owns 113,770 shares in the company, valued at $11,929,922.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 428,883 shares of company stock valued at $40,395,135. 3.21% of the stock is owned by corporate insiders.

Institutional Trading of Interactive Brokers Group

Several large investors have recently bought and sold shares of IBKR. JPMorgan Chase & Co. raised its position in Interactive Brokers Group by 33.5% in the first quarter. JPMorgan Chase & Co. now owns 160,658 shares of the financial services provider’s stock valued at $10,589,000 after purchasing an additional 40,304 shares during the last quarter. American Century Companies Inc. raised its position in Interactive Brokers Group by 213.5% in the first quarter. American Century Companies Inc. now owns 13,796 shares of the financial services provider’s stock valued at $909,000 after purchasing an additional 9,395 shares during the last quarter. HighTower Advisors LLC raised its position in Interactive Brokers Group by 10.7% in the first quarter. HighTower Advisors LLC now owns 3,966 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 384 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Interactive Brokers Group by 14.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,199 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 532 shares during the last quarter. Finally, Natixis Advisors L.P. bought a new position in Interactive Brokers Group in the first quarter valued at about $699,000. 23.80% of the stock is owned by institutional investors and hedge funds.

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.