Interactive Brokers Group (NASDAQ:IBKR) Price Target Cut to $188.00 by Analysts at Barclays

Interactive Brokers Group (NASDAQ:IBKR) had its target price cut by equities research analysts at Barclays from $231.00 to $188.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 30.68% from the company’s previous close.

Several other analysts have also recently commented on IBKR. Keefe, Bruyette & Woods raised their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Piper Sandler reissued an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. UBS Group raised their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. StockNews.com downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Finally, Citigroup dropped their price target on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $198.13.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR traded down $2.22 during mid-day trading on Monday, reaching $143.86. The stock had a trading volume of 1,483,441 shares, compared to its average volume of 2,135,847. Interactive Brokers Group has a twelve month low of $103.69 and a twelve month high of $236.53. The business has a 50 day simple moving average of $197.90 and a 200 day simple moving average of $180.09. The firm has a market capitalization of $60.79 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.59 and a beta of 1.02.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 earnings per share. As a group, sell-side analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.99% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Cerity Partners LLC raised its stake in shares of Interactive Brokers Group by 60.2% in the 3rd quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 1,146 shares during the period. Benjamin Edwards Inc. raised its position in Interactive Brokers Group by 487.4% in the third quarter. Benjamin Edwards Inc. now owns 2,931 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 2,432 shares during the period. HighTower Advisors LLC raised its position in Interactive Brokers Group by 67.4% in the third quarter. HighTower Advisors LLC now owns 72,636 shares of the financial services provider’s stock valued at $10,133,000 after purchasing an additional 29,257 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Interactive Brokers Group by 82.3% during the third quarter. Quantinno Capital Management LP now owns 3,167 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 1,430 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Interactive Brokers Group by 6.1% in the third quarter. Stifel Financial Corp now owns 169,247 shares of the financial services provider’s stock worth $23,586,000 after buying an additional 9,716 shares during the period. 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.