Interactive Brokers Group (NASDAQ:IBKR) Price Target Increased to $136.00 by Analysts at Barclays

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

Other equities research analysts also recently issued reports about the company. UBS Group dropped their target price on 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 Interactive Brokers Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. Piper Sandler raised their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Citigroup raised their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.00.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $110.60 on Wednesday. The firm has a market capitalization of $46.57 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.22 and a beta of 0.83. Interactive Brokers Group has a 1-year low of $70.83 and a 1-year high of $116.92. The business’s 50-day simple moving average is $108.49 and its 200-day simple moving average is $92.68.

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

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 74,218 shares of the business’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 sale, the insider now directly owns 234,552 shares in the company, valued at approximately $22,585,012.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Thomas Aj Frank sold 50,300 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $90.53, for a total value of $4,553,659.00. Following the completion of the sale, the insider now directly owns 445,352 shares in the company, valued at approximately $40,317,716.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the sale, the insider now owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 428,883 shares of company stock worth $40,395,135. 3.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Interactive Brokers Group

Institutional investors have recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in Interactive Brokers Group during the 1st quarter valued at approximately $30,000. Contravisory Investment Management Inc. acquired a new position in Interactive Brokers Group during the 4th quarter valued at approximately $25,000. Rakuten Securities Inc. acquired a new position in Interactive Brokers Group during the 4th quarter valued at approximately $34,000. Headlands Technologies LLC acquired a new position in Interactive Brokers Group during the 3rd quarter valued at approximately $40,000. Finally, Principal Securities Inc. acquired a new position in Interactive Brokers Group during the 4th quarter valued at approximately $40,000. 23.80% of the stock is currently owned by institutional investors.

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.