Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $220.00 at Citigroup

Interactive Brokers Group (NASDAQ:IBKR) had its price target lifted by stock analysts at Citigroup from $180.00 to $220.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target suggests a potential upside of 18.91% from the stock’s previous close.

Several other equities analysts have also commented on IBKR. Keefe, Bruyette & Woods upped their price objective 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. Piper Sandler boosted their price objective on Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday. Barclays raised their target price on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Jefferies Financial Group boosted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, The Goldman Sachs Group raised their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $188.25.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR traded down $5.88 during midday trading on Friday, reaching $185.01. 861,405 shares of the stock were exchanged, compared to its average volume of 1,159,587. Interactive Brokers Group has a twelve month low of $83.86 and a twelve month high of $193.42. The stock has a market capitalization of $78.17 billion, a P/E ratio of 28.25, a PEG ratio of 1.41 and a beta of 0.87. The company has a 50 day simple moving average of $180.71 and a 200 day simple moving average of $147.56.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business posted $1.55 earnings per share. On average, research analysts expect that Interactive Brokers Group will post 6.82 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Townsquare Capital LLC boosted its holdings in Interactive Brokers Group by 1.2% in the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock valued at $760,000 after purchasing an additional 67 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Interactive Brokers Group by 0.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock worth $2,759,000 after buying an additional 69 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Interactive Brokers Group by 66.4% in the 4th 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. Prime Capital Investment Advisors LLC raised its stake in Interactive Brokers Group by 3.7% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 97 shares in the last quarter. Finally, Boston Financial Mangement LLC lifted its position in Interactive Brokers Group by 5.4% in the third quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors 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.