Barclays Forecasts Strong Price Appreciation for Interactive Brokers Group (NASDAQ:IBKR) Stock

Interactive Brokers Group (NASDAQ:IBKR) had its target price hoisted by Barclays from $214.00 to $224.00 in a research note published on Monday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other analysts have also weighed in on the company. Keefe, Bruyette & Woods upped their price objective on Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. UBS Group increased their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Citigroup upped their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.13.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $185.85 on Monday. The company has a market cap of $78.53 billion, a P/E ratio of 28.37, a P/E/G ratio of 1.35 and a beta of 0.87. The stock has a 50-day moving average of $182.48 and a two-hundred day moving average of $149.21. Interactive Brokers Group has a 1-year low of $83.86 and a 1-year high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same period in the previous year, the company earned $1.55 earnings per share. On average, analysts anticipate that Interactive Brokers Group will post 6.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Interactive Brokers Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aurora Investment Counsel purchased a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $1,693,000. Versor Investments LP acquired a new stake in Interactive Brokers Group during the 3rd quarter worth $474,000. Waverton Investment Management Ltd purchased a new stake in Interactive Brokers Group in the third quarter valued at $26,946,000. Friedenthal Financial acquired a new position in Interactive Brokers Group in the fourth quarter valued at $775,000. Finally, Geode Capital Management LLC grew its holdings in shares of Interactive Brokers Group by 5.4% during the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock worth $287,921,000 after purchasing an additional 106,392 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

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.