Bank of America Increases Interactive Brokers Group (NASDAQ:IBKR) Price Target to $152.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target hoisted by stock analysts at Bank of America from $147.00 to $152.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Bank of America‘s price objective indicates a potential upside of 37.43% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Citigroup boosted 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. UBS Group cut their price target on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, January 9th. Piper Sandler boosted their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. The Goldman Sachs Group upgraded Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $88.00 to $102.00 in a research note on Tuesday, January 9th. Finally, Barclays boosted 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $110.60 on Wednesday. Interactive Brokers Group has a one year low of $70.83 and a one year high of $116.92. The stock has a 50-day moving average of $108.49 and a 200 day moving average of $92.68. The company has a market capitalization of $46.57 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.22 and a beta of 0.83.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Interactive Brokers Group had a return on equity of 4.84% and a net margin of 7.62%. Interactive Brokers Group’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 earnings per share. On average, equities analysts predict that Interactive Brokers Group will post 6.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the transaction, 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 can be accessed through the SEC website. In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the transaction, 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 can be accessed through the SEC website. Also, Vice Chairman Earl H. Nemser sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $103.53, for a total value of $1,035,300.00. Following the completion of the transaction, the insider now directly owns 123,770 shares in the company, valued at $12,813,908.10. 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. Corporate insiders own 3.21% of the company’s stock.

Institutional Trading of Interactive Brokers Group

Several hedge funds have recently modified their holdings of IBKR. Norges Bank purchased a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $97,717,000. FMR LLC raised its holdings in shares of Interactive Brokers Group by 211.7% during the 3rd quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock worth $153,517,000 after acquiring an additional 1,204,573 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Interactive Brokers Group by 7.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,035,116 shares of the financial services provider’s stock worth $577,435,000 after acquiring an additional 592,266 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Interactive Brokers Group by 122.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after acquiring an additional 524,503 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $33,544,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

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.