Interactive Brokers Group (NASDAQ:IBKR) Issues Quarterly Earnings Results

Interactive Brokers Group (NASDAQ:IBKR) announced its quarterly earnings results on Tuesday. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22, Briefing.com reports. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1,372,590.34 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. Interactive Brokers Group’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.52 EPS.

Interactive Brokers Group Price Performance

Shares of IBKR traded up $2.74 during trading hours on Tuesday, hitting $192.83. The stock had a trading volume of 1,954,278 shares, compared to its average volume of 1,258,609. The company’s fifty day moving average is $183.81 and its two-hundred day moving average is $150.96. Interactive Brokers Group has a 52 week low of $88.22 and a 52 week high of $194.87. The stock has a market capitalization of $81.47 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.38 and a beta of 0.87.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several recent analyst reports. UBS Group increased their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Jefferies Financial Group increased their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. The Goldman Sachs Group upped 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 report on Tuesday, December 3rd. Finally, Barclays increased their target price on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.13.

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.