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

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

Other equities analysts also recently issued reports about the company. 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 report on Tuesday, January 7th. The Goldman Sachs Group boosted 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. Barclays increased their price target on Interactive Brokers Group from $214.00 to $224.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group lifted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, UBS Group increased their target price 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.13.

Interactive Brokers Group Stock Up 1.8 %

Shares of IBKR stock opened at $185.85 on Monday. The business has a 50 day moving average of $182.48 and a two-hundred day moving average of $149.21. 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 $78.53 billion, a P/E ratio of 28.37, a PEG ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. Analysts expect that Interactive Brokers Group will post 6.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Interactive Brokers Group

Several large investors have recently bought and sold shares of the stock. American Century Companies Inc. boosted its position in shares of Interactive Brokers Group by 1.0% during the 2nd quarter. American Century Companies Inc. now owns 95,230 shares of the financial services provider’s stock valued at $11,675,000 after purchasing an additional 983 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of Interactive Brokers Group in the second quarter worth about $32,000. Greenwich Wealth Management LLC boosted its holdings in shares of 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 buying an additional 8,038 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of 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 worth $36,988,000 after buying an additional 27,621 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Interactive Brokers Group in the second quarter worth about $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.