Interactive Brokers Group (NASDAQ:IBKR) Issues Quarterly Earnings Results

Interactive Brokers Group (NASDAQ:IBKR) announced its earnings results on Tuesday. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02, Briefing.com reports. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.99%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.32 earnings per share.

Interactive Brokers Group Trading Down 0.2 %

IBKR stock opened at $123.37 on Thursday. The stock’s 50 day simple moving average is $123.63 and its 200 day simple moving average is $110.82. Interactive Brokers Group has a 12-month low of $72.60 and a 12-month high of $129.19. The firm has a market cap of $51.95 billion, a P/E ratio of 21.09, a P/E/G ratio of 0.97 and a beta of 0.81.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on IBKR shares. Jefferies Financial Group upped their target price on Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Bank of America lifted their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Piper Sandler upped their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Citigroup boosted their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.33.

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.