Analysts Set Interactive Brokers Group, Inc. (NASDAQ:IBKR) PT at $188.25

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $190.13.

IBKR has been the topic of several research analyst reports. Barclays raised their price objective on Interactive Brokers Group from $214.00 to $224.00 and gave the company an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods lifted their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday. Citigroup upped their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. UBS Group raised their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Piper Sandler upped their price target on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th.

Interactive Brokers Group Trading Up 1.8 %

NASDAQ IBKR opened at $185.85 on Friday. The firm’s 50 day simple moving average is $182.48 and its 200 day simple moving average is $149.21. The firm has a market capitalization of $78.53 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 1.41 and a beta of 0.87. 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 issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business posted $1.55 EPS. On average, equities research analysts forecast that Interactive Brokers Group will post 6.82 earnings per share for the current year.

Hedge Funds Weigh In On Interactive Brokers Group

A number of hedge funds have recently modified their holdings of the business. Millennium Management LLC raised its position in shares of Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after acquiring an additional 1,004,289 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Interactive Brokers Group in the 3rd quarter worth approximately $83,630,000. Marshall Wace LLP boosted its stake in shares of Interactive Brokers Group by 23.8% in the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after purchasing an additional 481,826 shares during the last quarter. Waverton Investment Management Ltd acquired a new stake in shares of Interactive Brokers Group during the third quarter worth $26,946,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after buying an additional 187,010 shares during the last quarter. Institutional investors and hedge funds 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.