Interactive Brokers Group (NASDAQ:IBKR) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Interactive Brokers Group (NASDAQ:IBKR) had its price objective hoisted by BMO Capital Markets from $82.00 to $84.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm presently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 26.83% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Citigroup upped their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Barclays set a $80.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Friday. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $91.00 target price on shares of Interactive Brokers Group in a research report on Friday. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.34.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $66.23 on Friday. Interactive Brokers Group has a 52-week low of $32.82 and a 52-week high of $73.35. The company has a 50-day simple moving average of $65.30 and a two-hundred day simple moving average of $56.47. The company has a market capitalization of $112.34 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 2.71 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.17%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the firm posted $1.61 EPS. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, sell-side analysts forecast that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares of the company’s stock, valued at approximately $31,146,635. This trade represents a 29.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul Jonathan Brody sold 116,861 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the transaction, the chief financial officer directly owned 158,954 shares of the company’s stock, valued at approximately $10,289,092.42. This trade represents a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,205,683 shares of company stock valued at $77,217,965. 2.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. N.E.W. Advisory Services LLC bought a new position in Interactive Brokers Group in the 1st quarter worth approximately $26,000. ORG Partners LLC lifted its stake in Interactive Brokers Group by 312.9% in the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 363 shares in the last quarter. Huntington National Bank lifted its stake in Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 176 shares in the last quarter. Contravisory Investment Management Inc. lifted its stake in Interactive Brokers Group by 300.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 423 shares in the last quarter. Finally, Private Wealth Asset Management LLC lifted its stake in Interactive Brokers Group by 300.0% in the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 435 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

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.