Interactive Brokers Group (NASDAQ:IBKR) PT Raised to $136.00

Interactive Brokers Group (NASDAQ:IBKR) had its price objective raised by research analysts at Barclays from $132.00 to $136.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 22.97% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Citigroup boosted their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. UBS Group reduced their price objective on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, January 9th. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. Finally, Piper Sandler boosted their price target on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

Interactive Brokers Group Stock Up 1.3 %

Shares of IBKR opened at $110.60 on Wednesday. Interactive Brokers Group has a 52-week low of $70.83 and a 52-week high of $116.92. The firm’s fifty day moving average is $108.49 and its two-hundred day moving average is $92.68. The stock has a market cap of $46.57 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.22 and a beta of 0.83.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Interactive Brokers Group had a return on equity of 4.84% and a net margin of 7.62%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the firm earned $1.30 EPS. As a group, research analysts anticipate that Interactive Brokers Group will post 6.36 earnings per share for the current year.

Insider Buying and Selling

In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total transaction of $524,300.00. Following the sale, the insider now directly owns 113,770 shares in the company, valued at $11,929,922.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the transaction, the insider now directly owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the transaction, the insider now directly owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 428,883 shares of company stock worth $40,395,135. Company insiders own 3.21% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $97,717,000. FMR LLC boosted its holdings in shares of Interactive Brokers Group by 211.7% in the third quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock valued at $153,517,000 after acquiring an additional 1,204,573 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Interactive Brokers Group by 7.0% in the third quarter. Vanguard Group Inc. now owns 9,035,116 shares of the financial services provider’s stock valued at $577,435,000 after acquiring an additional 592,266 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Interactive Brokers Group by 122.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after acquiring an additional 524,503 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $33,544,000. 23.80% of the stock is owned by institutional investors and hedge funds.

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.