Interactive Brokers Group (NASDAQ:IBKR) PT Raised to $135.00

Interactive Brokers Group (NASDAQ:IBKR) had its target price increased by stock analysts at Citigroup from $105.00 to $135.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price objective indicates a potential upside of 20.07% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Barclays lifted their price target on shares of Interactive Brokers Group from $117.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday. UBS Group lowered their price target on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research report on Tuesday, January 9th. Finally, The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.25.

Interactive Brokers Group Trading Down 0.9 %

Shares of IBKR stock traded down $1.07 on Thursday, reaching $112.43. The company had a trading volume of 281,492 shares, compared to its average volume of 1,164,646. The stock has a market cap of $47.34 billion, a PE ratio of 19.86, a PEG ratio of 1.34 and a beta of 0.83. The company has a 50-day moving average of $106.61 and a 200-day moving average of $91.77. Interactive Brokers Group has a 12 month low of $70.83 and a 12 month high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $1.30 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. Sell-side analysts anticipate that Interactive Brokers Group will post 6.16 earnings per share for the current year.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the transaction, the insider now owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the sale, the insider now owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the transaction, the insider now directly owns 113,770 shares of the company’s stock, valued at approximately $11,929,922.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 467,996 shares of company stock valued at $43,844,885. 3.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds have recently made changes to their positions in IBKR. Vanguard Group Inc. grew its holdings in shares of Interactive Brokers Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock worth $803,306,000 after purchasing an additional 123,226 shares during the last quarter. BlackRock Inc. increased its position in Interactive Brokers Group by 0.8% in the 1st quarter. BlackRock Inc. now owns 8,972,309 shares of the financial services provider’s stock valued at $740,754,000 after acquiring an additional 69,018 shares during the period. Greenwich Wealth Management LLC increased its position in Interactive Brokers Group by 6.5% in the 3rd quarter. Greenwich Wealth Management LLC now owns 3,117,859 shares of the financial services provider’s stock valued at $269,882,000 after acquiring an additional 189,555 shares during the period. Finally, State Street Corp raised its stake in shares of Interactive Brokers Group by 2.8% during the second quarter. State Street Corp now owns 2,818,815 shares of the financial services provider’s stock valued at $234,159,000 after acquiring an additional 76,695 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.