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

Interactive Brokers Group (NASDAQ:IBKR) had its price target raised by equities research analysts at Citigroup from $180.00 to $220.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 18.78% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group raised their price objective 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 raised their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods raised their price objective on Interactive Brokers Group from $152.00 to $190.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. The Goldman Sachs Group raised their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Barclays raised their price target on Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $188.25.

Interactive Brokers Group Trading Down 3.0 %

IBKR opened at $185.21 on Friday. Interactive Brokers Group has a 12-month low of $83.86 and a 12-month high of $193.42. The business’s fifty day simple moving average is $181.34 and its 200-day simple moving average is $148.18. The company has a market capitalization of $78.26 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.41 and a beta of 0.87.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IBKR. Commonwealth Equity Services LLC raised its stake in shares of Interactive Brokers Group by 3.5% in the second quarter. Commonwealth Equity Services LLC now owns 14,255 shares of the financial services provider’s stock worth $1,748,000 after purchasing an additional 486 shares during the last quarter. National Bank of Canada FI raised its position in Interactive Brokers Group by 13.2% during the second quarter. National Bank of Canada FI now owns 7,612 shares of the financial services provider’s stock valued at $963,000 after acquiring an additional 889 shares in the last quarter. Victory Capital Management Inc. raised its position in Interactive Brokers Group by 27.4% during the second quarter. Victory Capital Management Inc. now owns 173,532 shares of the financial services provider’s stock valued at $21,275,000 after acquiring an additional 37,288 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Interactive Brokers Group during the second quarter valued at approximately $4,332,000. Finally, Caprock Group LLC purchased a new position in Interactive Brokers Group during the second quarter valued at approximately $231,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

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.