Brokerages Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) Price Target at $188.25

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $190.13.

A number of equities analysts recently weighed in on the stock. Citigroup boosted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday. UBS Group lifted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. 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 report on Monday. Piper Sandler lifted their price target on Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods boosted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $183.26 on Friday. The stock’s 50-day simple moving average is $181.92 and its 200 day simple moving average is $148.79. Interactive Brokers Group has a 52-week low of $83.86 and a 52-week high of $193.42. The company has a market cap of $77.43 billion, a P/E ratio of 27.98, a P/E/G ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last posted 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). 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 last year, the firm earned $1.55 EPS. As a group, equities analysts predict that Interactive Brokers Group will post 6.82 earnings per share for the current fiscal year.

Institutional Trading of Interactive Brokers Group

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Interactive Brokers Group by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock worth $559,821,000 after buying an additional 11,379 shares in the last quarter. State Street Corp boosted its holdings in Interactive Brokers Group by 1.7% in the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after purchasing an additional 52,911 shares during the period. Greenwich Wealth Management LLC grew its position in shares of Interactive Brokers Group by 0.3% during the 2nd 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. Marshall Wace LLP increased its holdings in shares of Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after purchasing an additional 481,826 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after buying an additional 106,392 shares in the last quarter. 23.80% of the stock is currently owned by 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.