Barclays Raises Interactive Brokers Group (NASDAQ:IBKR) Price Target to $231.00

Interactive Brokers Group (NASDAQ:IBKR) had its target price lifted by investment analysts at Barclays from $224.00 to $231.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective would suggest a potential upside of 10.76% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Jefferies Financial Group increased their target price 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. Keefe, Bruyette & Woods increased their target price on 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. UBS Group increased their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Piper Sandler raised their price target on Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Citigroup raised their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.25.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $208.55 on Wednesday. Interactive Brokers Group has a 1-year low of $88.22 and a 1-year high of $212.84. The business’s fifty day moving average price is $185.31 and its two-hundred day moving average price is $152.25. The firm has a market capitalization of $88.12 billion, a PE ratio of 29.54, a P/E/G ratio of 1.40 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.11% and a net margin of 9.25%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1,372,590.34 billion. During the same period last year, the company earned $1.52 earnings per share. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. Equities research analysts expect that Interactive Brokers Group will post 7.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Interactive Brokers Group

Several hedge funds have recently made changes to their positions in the business. Contravisory Investment Management Inc. acquired a new stake in Interactive Brokers Group during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc lifted its stake in Interactive Brokers Group by 66.4% during the fourth 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. lifted its stake in Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 88 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in Interactive Brokers Group by 100.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 100 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 224 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.