Interactive Brokers Group (NASDAQ:IBKR) Given New $136.00 Price Target at Barclays

Interactive Brokers Group (NASDAQ:IBKR) had its target price raised by stock analysts at Barclays from $132.00 to $136.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price would suggest a potential upside of 24.51% from the company’s previous close.

Several other research firms have also issued reports on IBKR. Citigroup raised their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. UBS Group reduced their price objective on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 9th. Finally, Piper Sandler raised their price objective on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $120.00.

Interactive Brokers Group Stock Up 1.7 %

NASDAQ IBKR traded up $1.84 during midday trading on Wednesday, hitting $109.23. The company had a trading volume of 2,489,523 shares, compared to its average volume of 1,188,977. The stock has a market cap of $45.99 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.24 and a beta of 0.83. The firm has a fifty day simple moving average of $107.89 and a two-hundred day simple moving average of $92.43. Interactive Brokers Group has a fifty-two week low of $70.83 and a fifty-two week high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.30 earnings per share. As a group, equities analysts predict that Interactive Brokers Group will post 6.36 earnings per share for the current year.

Insider Activity at Interactive Brokers Group

In related news, insider Thomas Aj Frank sold 12,917 shares of Interactive Brokers Group stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $88.68, for a total transaction of $1,145,479.56. Following the completion of the transaction, the insider now directly owns 497,368 shares of the company’s stock, valued at approximately $44,106,594.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the transaction, the insider now directly owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thomas Aj Frank sold 12,917 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $88.68, for a total transaction of $1,145,479.56. Following the completion of the transaction, the insider now directly owns 497,368 shares of the company’s stock, valued at $44,106,594.24. The disclosure for this sale can be found here. Insiders sold 441,800 shares of company stock valued at $41,540,615 in the last ninety days. Insiders own 3.21% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

A number of institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in shares of Interactive Brokers Group by 3.8% in the third quarter. AQR Capital Management LLC now owns 3,495 shares of the financial services provider’s stock worth $303,000 after acquiring an additional 129 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Interactive Brokers Group by 2.1% in the third quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock worth $552,000 after acquiring an additional 133 shares during the last quarter. Toroso Investments LLC grew its position in shares of Interactive Brokers Group by 1.1% during the 3rd quarter. Toroso Investments LLC now owns 11,702 shares of the financial services provider’s stock worth $1,013,000 after buying an additional 133 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Interactive Brokers Group by 22.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock worth $62,000 after buying an additional 135 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of Interactive Brokers Group by 4.1% during the 3rd quarter. Captrust Financial Advisors now owns 3,449 shares of the financial services provider’s stock worth $220,000 after buying an additional 135 shares during the period. 23.80% of the stock is owned by 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.