Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $195.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target raised by Keefe, Bruyette & Woods from $190.00 to $195.00 in a report published on Monday,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

IBKR has been the subject of a number of other reports. Jefferies Financial Group raised their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Citigroup lifted 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 note on Friday. Barclays upped their target price on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the company an “overweight” rating in a research report on Monday. The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, Piper Sandler boosted their price objective on Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average price target of $190.13.

Interactive Brokers Group Stock Down 1.1 %

Shares of Interactive Brokers Group stock opened at $183.26 on Monday. Interactive Brokers Group has a twelve month low of $83.86 and a twelve month high of $193.42. The business has a 50-day moving average price of $181.92 and a 200-day moving average price of $148.79. The firm has a market cap of $77.43 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.41 and a beta of 0.87.

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

Institutional Trading of Interactive Brokers Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBKR. Versant Capital Management Inc grew its stake in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Interactive Brokers Group during the 2nd quarter worth approximately $32,000. UMB Bank n.a. boosted its holdings in Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 224 shares during the period. Smithfield Trust Co grew its position in Interactive Brokers Group by 80.6% in the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 154 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Interactive Brokers Group in the 3rd quarter valued at $49,000. 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.