Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $147.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target raised by equities research analysts at Barclays from $145.00 to $147.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective points to a potential upside of 20.51% from the company’s previous close.

IBKR has been the subject of a number of other reports. Jefferies Financial Group lifted their price target on Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Bank of America boosted their target price on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $128.00 to $135.00 in a report on Thursday, July 11th. UBS Group boosted their target price on Interactive Brokers Group from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, Piper Sandler boosted their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $132.33.

Interactive Brokers Group Stock Performance

NASDAQ IBKR traded down $1.68 during trading on Wednesday, reaching $121.98. 1,571,068 shares of the company’s stock were exchanged, compared to its average volume of 1,038,023. The stock has a market cap of $51.36 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 0.98 and a beta of 0.81. The company has a 50 day moving average price of $123.56 and a two-hundred day moving average price of $110.73. Interactive Brokers Group has a 1 year low of $72.60 and a 1 year high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. Interactive Brokers Group’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.32 EPS. Research analysts forecast that Interactive Brokers Group will post 6.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Interactive Brokers Group

Several institutional investors have recently added to or reduced their stakes in the stock. Oliver Luxxe Assets LLC increased its position in Interactive Brokers Group by 1.8% in the 1st quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider’s stock valued at $787,000 after acquiring an additional 126 shares during the period. QRG Capital Management Inc. increased its position in Interactive Brokers Group by 2.8% during the 2nd quarter. QRG Capital Management Inc. now owns 4,859 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 131 shares during the period. Thrive Wealth Management LLC increased its position in Interactive Brokers Group by 6.0% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,333 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 132 shares during the period. Asset Management One Co. Ltd. increased its position in Interactive Brokers Group by 22.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 135 shares during the period. Finally, Yousif Capital Management LLC increased its position in Interactive Brokers Group by 0.3% during the 4th quarter. Yousif Capital Management LLC now owns 49,785 shares of the financial services provider’s stock worth $4,127,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.