Interactive Brokers Group (NASDAQ:IBKR) Price Target Increased to $152.00 by Analysts at Bank of America

Interactive Brokers Group (NASDAQ:IBKR) had its target price lifted by Bank of America from $147.00 to $152.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Citigroup increased their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a buy rating in a research report on Thursday, April 11th. The Goldman Sachs Group raised shares of Interactive Brokers Group from a neutral rating to a buy rating and increased their target price for the company from $88.00 to $102.00 in a research report on Tuesday, January 9th. Piper Sandler increased their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an overweight rating in a research report on Friday, April 12th. UBS Group decreased their target price on shares of Interactive Brokers Group from $108.00 to $104.00 and set a buy rating for the company in a research report on Tuesday, January 9th. Finally, Barclays raised their price target on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an overweight rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $120.00.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $109.23 on Wednesday. Interactive Brokers Group has a fifty-two week low of $70.83 and a fifty-two week high of $116.92. The company has a 50 day moving average price of $108.19 and a 200-day moving average price of $92.55. The stock has a market capitalization of $45.99 billion, a PE ratio of 19.30, a PEG ratio of 1.24 and a beta of 0.83.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the company earned $1.30 EPS. The company’s revenue was up 16.7% on a year-over-year basis. Equities research analysts forecast that Interactive Brokers Group will post 6.36 EPS for the current year.

Insiders Place Their Bets

In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Aj Frank sold 44,643 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $91.62, for a total transaction of $4,090,191.66. Following the completion of the sale, the insider now owns 354,081 shares in the company, valued at approximately $32,440,901.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 428,883 shares of company stock valued at $40,395,135. Insiders own 3.21% of the company’s stock.

Institutional Trading of Interactive Brokers Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its stake in shares of Interactive Brokers Group by 3.8% in the third quarter. AQR Capital Management LLC now owns 3,495 shares of the financial services provider’s stock worth $303,000 after acquiring an additional 129 shares during the period. Commonwealth Equity Services LLC grew its position in Interactive Brokers Group by 2.1% during the third quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock valued at $552,000 after buying an additional 133 shares during the period. Toroso Investments LLC grew its position in Interactive Brokers Group by 1.1% during the third quarter. Toroso Investments LLC now owns 11,702 shares of the financial services provider’s stock valued at $1,013,000 after buying an additional 133 shares during the period. Asset Management One Co. Ltd. grew its position in Interactive Brokers Group by 22.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock valued at $62,000 after buying an additional 135 shares during the period. Finally, Captrust Financial Advisors grew its position in Interactive Brokers Group by 4.1% during the third quarter. Captrust Financial Advisors now owns 3,449 shares of the financial services provider’s stock valued at $220,000 after buying an additional 135 shares during the period. 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.