Interactive Brokers Group (NASDAQ:IBKR) Given New $224.00 Price Target at Barclays

Interactive Brokers Group (NASDAQ:IBKR) had its price objective boosted by Barclays from $214.00 to $224.00 in a report issued on Monday,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on IBKR. Jefferies Financial Group lifted their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. UBS Group lifted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Citigroup increased their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $190.13.

Interactive Brokers Group Trading Down 1.1 %

Interactive Brokers Group stock opened at $183.26 on Monday. The firm has a market capitalization of $77.43 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. The firm’s fifty day moving average price is $181.92 and its two-hundred day moving average price is $148.79. Interactive Brokers Group has a 1-year low of $83.86 and a 1-year high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate 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 business posted $1.55 EPS. On average, research analysts forecast that Interactive Brokers Group will post 6.82 EPS for the current year.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds have recently modified their holdings of the stock. Aurora Investment Counsel purchased a new stake in Interactive Brokers Group in the third quarter worth $1,693,000. Versor Investments LP bought a new position in shares of Interactive Brokers Group during the 3rd quarter worth $474,000. Waverton Investment Management Ltd purchased a new stake in Interactive Brokers Group in the 3rd quarter worth about $26,946,000. Geode Capital Management LLC raised its stake in Interactive Brokers Group by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after acquiring an additional 106,392 shares during the period. Finally, DRW Securities LLC purchased a new stake in Interactive Brokers Group during the third quarter valued at about $2,977,000. 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.