Barclays Forecasts Strong Price Appreciation for Interactive Brokers Group (NASDAQ:IBKR) Stock

Interactive Brokers Group (NASDAQ:IBKR) had its price objective lifted by investment analysts at Barclays from $83.00 to $85.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective indicates a potential upside of 18.17% from the stock’s previous close.

IBKR has been the subject of several other reports. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a research report on Wednesday. They set a “market perform” rating and a $75.00 target price for the company. BMO Capital Markets boosted their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Finally, Jefferies Financial Group decreased their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $76.97.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $71.93 on Wednesday. The firm has a 50-day moving average of $70.51 and a 200-day moving average of $68.94. The company has a market cap of $122.02 billion, a PE ratio of 32.47, a PEG ratio of 2.03 and a beta of 1.25. Interactive Brokers Group has a one year low of $38.10 and a one year high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, equities research analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 400,000 shares of company stock valued at $30,725,122. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in Interactive Brokers Group by 24.3% in the 4th quarter. Hsbc Holdings PLC now owns 1,120,539 shares of the financial services provider’s stock worth $72,299,000 after purchasing an additional 219,180 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Interactive Brokers Group by 111.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 18,206 shares of the financial services provider’s stock worth $1,171,000 after purchasing an additional 9,597 shares in the last quarter. Meadowbrook Advisors Group LLC bought a new stake in Interactive Brokers Group in the 4th quarter worth about $247,000. DUTCH ASSET Corp bought a new stake in Interactive Brokers Group in the 4th quarter worth about $3,424,000. Finally, Corient Private Wealth LLC grew its position in shares of Interactive Brokers Group by 19.3% during the 4th quarter. Corient Private Wealth LLC now owns 88,886 shares of the financial services provider’s stock valued at $5,717,000 after acquiring an additional 14,378 shares during the period. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.