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

Interactive Brokers Group (NASDAQ:IBKR) had its price objective increased by stock analysts at UBS Group from $225.00 to $265.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. UBS Group’s target price points to a potential upside of 27.99% from the stock’s current price.

A number of other research firms also recently commented on IBKR. The Goldman Sachs Group raised their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Barclays raised their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Piper Sandler reissued an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Citigroup raised their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Jefferies Financial Group raised their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Stock Down 5.5 %

Shares of NASDAQ IBKR traded down $11.94 during mid-day trading on Monday, hitting $207.05. 589,398 shares of the company were exchanged, compared to its average volume of 1,502,653. The stock has a 50 day simple moving average of $186.09 and a 200-day simple moving average of $153.30. Interactive Brokers Group has a 1-year low of $88.22 and a 1-year high of $220.66. The firm has a market cap of $87.48 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 1.49 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1,372,590.34 billion. During the same period last year, the company earned $1.52 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. Analysts anticipate that Interactive Brokers Group will post 7.39 earnings per share for the current fiscal year.

Institutional Trading of Interactive Brokers Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CENTRAL TRUST Co grew its holdings in Interactive Brokers Group by 14.1% in the 4th quarter. CENTRAL TRUST Co now owns 5,981 shares of the financial services provider’s stock valued at $1,057,000 after buying an additional 737 shares during the period. Cross Staff Investments Inc grew its holdings in Interactive Brokers Group by 57.5% in the 4th quarter. Cross Staff Investments Inc now owns 3,150 shares of the financial services provider’s stock valued at $557,000 after buying an additional 1,150 shares during the period. Spire Wealth Management grew its holdings in Interactive Brokers Group by 18.4% in the 4th quarter. Spire Wealth Management now owns 2,735 shares of the financial services provider’s stock valued at $483,000 after buying an additional 426 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of Interactive Brokers Group by 1.8% in the 4th quarter. DAVENPORT & Co LLC now owns 5,856 shares of the financial services provider’s stock valued at $1,035,000 after purchasing an additional 103 shares in the last quarter. Finally, KG&L Capital Management LLC lifted its stake in shares of Interactive Brokers Group by 2.5% in the 4th quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors 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.