Barclays Forecasts Strong Price Appreciation for Interactive Brokers Group (NASDAQ:IBKR) Stock

Interactive Brokers Group (NASDAQ:IBKR) had its price target increased by research analysts at Barclays from $214.00 to $224.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price would suggest a potential upside of 22.65% from the stock’s previous close.

Several other analysts have also recently commented on the company. Jefferies Financial Group increased their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods raised their price objective on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Citigroup upped their target price 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, January 10th. UBS Group raised their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Piper Sandler upped their price objective on Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average target price of $190.13.

Interactive Brokers Group Trading Down 0.3 %

IBKR stock opened at $182.64 on Monday. The firm has a market cap of $77.17 billion, a P/E ratio of 27.88, a P/E/G ratio of 1.41 and a beta of 0.87. Interactive Brokers Group has a 1-year low of $83.86 and a 1-year high of $193.42. The business’s 50 day moving average is $181.92 and its 200-day moving average is $148.79.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data 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 firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate 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 posted $1.55 earnings per share. Sell-side analysts forecast that Interactive Brokers Group will post 6.82 EPS for the current year.

Institutional Trading of Interactive Brokers Group

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC lifted its stake in shares of Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after purchasing an additional 1,004,289 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in Interactive Brokers Group in the third quarter valued at about $83,630,000. Marshall Wace LLP boosted its holdings in 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 buying an additional 481,826 shares during the last quarter. Waverton Investment Management Ltd acquired a new position in shares of Interactive Brokers Group during the 3rd quarter worth about $26,946,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Interactive Brokers Group by 262.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after buying an additional 187,010 shares during the period. Institutional investors and hedge funds 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.