Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $200.00

by · The Markets Daily

Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) had its price target hoisted by stock analysts at Piper Sandler from $163.00 to $200.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 5.22% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Barclays increased their target price on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. UBS Group increased their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their target price on Interactive Brokers Group from $152.00 to $190.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Jefferies Financial Group increased their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, The Goldman Sachs Group boosted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $177.63.

Get Our Latest Report on Interactive Brokers Group

Interactive Brokers Group Stock Up 3.5 %

IBKR opened at $190.07 on Tuesday. Interactive Brokers Group has a 52 week low of $83.86 and a 52 week high of $193.42. The business’s 50 day moving average is $178.44 and its two-hundred day moving average is $146.45. The firm has a market cap of $80.31 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same period in the previous year, the firm earned $1.55 earnings per share. Equities analysts expect that Interactive Brokers Group will post 6.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Interactive Brokers Group

A number of institutional investors and hedge funds have recently made changes to their positions in IBKR. Versant Capital Management Inc lifted its stake in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares during the period. Fairfield Financial Advisors LTD purchased a new position in Interactive Brokers Group in the second quarter valued at about $32,000. UMB Bank n.a. lifted its position in shares of Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 224 shares during the period. Smithfield Trust Co boosted its stake in shares of Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 154 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $49,000. 23.80% of the stock is owned by institutional investors and hedge funds.

About Interactive Brokers Group

(Get Free Report)

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.

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