Barclays Increases Interactive Brokers Group (NASDAQ:IBKR) Price Target to $93.00

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) had its price objective upped by stock analysts at Barclays from $85.00 to $93.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target indicates a potential upside of 22.53% from the stock’s current price.

IBKR has been the subject of several other research reports. Piper Sandler increased their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. BMO Capital Markets increased their price target 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. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.25.

Check Out Our Latest Stock Report on Interactive Brokers Group

Interactive Brokers Group Stock Down 2.8%

NASDAQ:IBKR opened at $75.90 on Wednesday. Interactive Brokers Group has a 12-month low of $40.58 and a 12-month high of $82.88. The firm has a market capitalization of $128.75 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The firm has a 50-day moving average price of $71.13 and a 200 day moving average price of $69.68.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the business posted $1.94 earnings per share. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, research analysts expect that Interactive Brokers Group will post 2.46 EPS for the current year.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 94,800 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $76.19, for a total transaction of $7,222,812.00. Following the transaction, the insider owned 60,200 shares in the company, valued at $4,586,638. This represents a 61.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp acquired a new position in Interactive Brokers Group during the 3rd quarter worth about $27,000. Reflection Asset Management acquired a new position in Interactive Brokers Group during the 4th quarter worth about $26,000. IMA Advisory Services Inc. lifted its position in Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after buying an additional 178 shares in the last quarter. Tobam acquired a new position in Interactive Brokers Group during the 4th quarter worth about $30,000. Finally, Entrust Financial LLC acquired a new position in Interactive Brokers Group during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Key Headlines Impacting Interactive Brokers Group

Here are the key news stories impacting Interactive Brokers Group this week:

Interactive Brokers Group Company Profile

(Get Free Report)

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.

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