Citigroup Lowers Interactive Brokers Group (NASDAQ:IBKR) Price Target to $215.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target dropped by equities researchers at Citigroup from $242.00 to $215.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Citigroup’s target price suggests a potential upside of 21.56% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Barclays increased their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. StockNews.com lowered shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Keefe, Bruyette & Woods boosted 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 report on Monday, January 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, UBS Group lifted their price target 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $203.50.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR traded up $3.79 during midday trading on Wednesday, reaching $176.87. The company’s stock had a trading volume of 715,813 shares, compared to its average volume of 1,241,861. The company has a market cap of $74.74 billion, a P/E ratio of 25.05, a P/E/G ratio of 1.59 and a beta of 0.99. The business’s 50 day moving average price is $201.05 and its two-hundred day moving average price is $179.46. Interactive Brokers Group has a fifty-two week low of $103.69 and a fifty-two week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last released its 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. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company posted $1.52 EPS. The company’s revenue was up 21.8% compared to the same quarter last year. Sell-side analysts forecast that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group during the fourth quarter worth about $25,000. SRH Advisors LLC acquired a new position in shares of Interactive Brokers Group in the 4th quarter worth approximately $28,000. Versant Capital Management Inc boosted its stake in shares of Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. increased its position in shares of Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after buying an additional 88 shares during the period. Finally, Rialto Wealth Management LLC bought a new position in Interactive Brokers Group during the fourth quarter worth $33,000. 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.