Interactive Brokers Group (NASDAQ:IBKR) PT Raised to $136.00

Interactive Brokers Group (NASDAQ:IBKR) had its target price lifted by Barclays from $132.00 to $136.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Several other brokerages have also recently commented on IBKR. UBS Group cut their price target on shares of Interactive Brokers Group from $108.00 to $104.00 and set a buy rating on the stock in a research report on Tuesday, January 9th. Citigroup upped their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a buy rating in a report on Thursday, April 11th. The Goldman Sachs Group raised shares of Interactive Brokers Group from a neutral rating to a buy rating and upped their target price for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. Finally, Piper Sandler upped their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an overweight rating in a report on Friday, April 12th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Interactive Brokers Group presently has a consensus rating of Moderate Buy and a consensus target price of $120.00.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $109.23 on Wednesday. The company’s 50-day moving average price is $108.19 and its two-hundred day moving average price is $92.55. Interactive Brokers Group has a one year low of $70.83 and a one year high of $116.92. The stock has a market capitalization of $45.99 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.24 and a beta of 0.83.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly 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). Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm earned $1.30 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, analysts anticipate that Interactive Brokers Group will post 6.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Interactive Brokers Group news, insider Thomas Aj Frank sold 50,300 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $90.53, for a total transaction of $4,553,659.00. Following the transaction, the insider now owns 445,352 shares in the company, valued at approximately $40,317,716.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 25,782 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the transaction, the insider now owns 208,770 shares in the company, valued at approximately $19,981,376.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas Aj Frank sold 50,300 shares of the company’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 transaction of $4,553,659.00. Following the sale, the insider now directly owns 445,352 shares of the company’s stock, valued at approximately $40,317,716.56. The disclosure for this sale can be found here. Insiders have sold a total of 428,883 shares of company stock worth $40,395,135 in the last quarter. Corporate insiders own 3.21% of the company’s stock.

Institutional Trading of Interactive Brokers Group

A number of institutional investors and hedge funds have recently made changes to their positions in IBKR. JPMorgan Chase & Co. lifted its holdings in shares of Interactive Brokers Group by 33.5% during the 1st quarter. JPMorgan Chase & Co. now owns 160,658 shares of the financial services provider’s stock worth $10,589,000 after acquiring an additional 40,304 shares during the period. American Century Companies Inc. lifted its holdings in shares of Interactive Brokers Group by 213.5% during the 1st quarter. American Century Companies Inc. now owns 13,796 shares of the financial services provider’s stock worth $909,000 after acquiring an additional 9,395 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Interactive Brokers Group by 10.7% during the 1st quarter. HighTower Advisors LLC now owns 3,966 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 384 shares during the period. PNC Financial Services Group Inc. lifted its stake in Interactive Brokers Group by 14.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,199 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 532 shares during the last quarter. Finally, Natixis Advisors L.P. bought a new position in Interactive Brokers Group in the 1st quarter valued at approximately $699,000. Institutional investors 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.