Interactive Brokers Group (NASDAQ:IBKR) Given New $224.00 Price Target at Barclays

Interactive Brokers Group (NASDAQ:IBKR) had its price target hoisted by stock analysts at Barclays from $214.00 to $224.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price points to a potential upside of 22.36% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Citigroup upped their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday. Piper Sandler boosted their price objective on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. 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. UBS Group raised their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $189.50.

Interactive Brokers Group Stock Down 1.2 %

Shares of IBKR stock opened at $183.06 on Monday. Interactive Brokers Group has a 12-month low of $83.86 and a 12-month high of $193.42. The company has a market capitalization of $77.35 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. The firm has a 50 day moving average price of $181.34 and a two-hundred day moving average price of $148.36.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same period in the prior year, the company earned $1.55 EPS. As a group, research analysts expect that Interactive Brokers Group will post 6.82 EPS for the current year.

Institutional Investors Weigh In On Interactive Brokers Group

Several institutional investors and hedge funds have recently made changes to their positions in IBKR. American Century Companies Inc. boosted its position in Interactive Brokers Group by 1.0% during the second quarter. American Century Companies Inc. now owns 95,230 shares of the financial services provider’s stock valued at $11,675,000 after acquiring an additional 983 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group during the second quarter worth approximately $32,000. Greenwich Wealth Management LLC increased its holdings in Interactive Brokers Group by 0.3% in the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock worth $365,271,000 after purchasing an additional 8,038 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Interactive Brokers Group by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 301,688 shares of the financial services provider’s stock valued at $36,988,000 after buying an additional 27,621 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Interactive Brokers Group during the 2nd quarter worth approximately $1,915,000. 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.