Interactive Brokers Group (NASDAQ:IBKR) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Interactive Brokers Group (NASDAQ:IBKR) had its price target increased by equities research analysts at The Goldman Sachs Group from $171.00 to $195.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 4.86% from the stock’s current price.

IBKR has been the topic of several other reports. UBS Group lifted their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Piper Sandler reiterated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Barclays cut their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $160.00.

Interactive Brokers Group Stock Down 0.5 %

Shares of NASDAQ IBKR opened at $185.97 on Tuesday. Interactive Brokers Group has a 52 week low of $78.14 and a 52 week high of $193.42. The firm’s fifty day moving average is $162.12 and its 200 day moving average is $136.99. The company has a market cap of $78.58 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.45 and a beta of 0.85.

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

Institutional Trading of Interactive Brokers Group

A number of hedge funds have recently modified their holdings of the business. Townsquare Capital LLC boosted its holdings in shares of Interactive Brokers Group by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock valued at $760,000 after buying an additional 67 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Interactive Brokers Group by 0.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after buying an additional 69 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 3.7% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider’s stock valued at $383,000 after buying an additional 97 shares in the last quarter. Boston Financial Mangement LLC boosted its holdings in shares of Interactive Brokers Group by 5.4% during the 3rd quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock valued at $272,000 after buying an additional 100 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of Interactive Brokers Group by 5.6% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider’s stock valued at $280,000 after buying an additional 107 shares in the last quarter. 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.