Citigroup Lowers Interactive Brokers Group (NASDAQ:IBKR) Price Target to $215.00

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) had its price objective dropped by equities researchers at Citigroup from $242.00 to $215.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the financial services provider's stock. Citigroup's price target indicates a potential upside of 49.01% from the stock's previous close.

A number of other analysts have also commented on IBKR. StockNews.com lowered Interactive Brokers Group from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. UBS Group raised their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, January 27th. The Goldman Sachs Group boosted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Monday, January 13th. Finally, Barclays lifted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $198.13.

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Interactive Brokers Group Stock Performance

Shares of IBKR stock traded down $1.79 during trading hours on Wednesday, hitting $144.29. The company had a trading volume of 4,666,890 shares, compared to its average volume of 1,272,201. The firm has a market capitalization of $60.97 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.59 and a beta of 1.02. The firm's fifty day moving average is $197.90 and its 200 day moving average is $180.09. Interactive Brokers Group has a 12 month low of $103.69 and a 12 month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the company earned $1.52 EPS. Interactive Brokers Group's revenue for the quarter was up 21.8% on a year-over-year basis. On average, sell-side analysts expect that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the business's stock in a transaction dated Friday, January 31st. The shares were bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.99% of the stock is currently owned by corporate insiders.

Institutional Trading of Interactive Brokers Group

Several institutional investors have recently added to or reduced their stakes in IBKR. GAMMA Investing LLC lifted its position in shares of Interactive Brokers Group by 22,211.1% during the 1st quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider's stock valued at $701,950,000 after acquiring an additional 422,010 shares during the period. Versant Capital Management Inc raised its position in Interactive Brokers Group by 149.4% in the 1st quarter. Versant Capital Management Inc now owns 444 shares of the financial services provider's stock valued at $74,000 after buying an additional 266 shares during the last quarter. First Hawaiian Bank grew its position in Interactive Brokers Group by 334.1% in the 1st quarter. First Hawaiian Bank now owns 7,557 shares of the financial services provider's stock worth $1,251,000 after purchasing an additional 5,816 shares in the last quarter. California State Teachers Retirement System boosted its position in Interactive Brokers Group by 8.1% in the fourth quarter. California State Teachers Retirement System now owns 104,447 shares of the financial services provider's stock worth $18,453,000 after purchasing an additional 7,861 shares during the last quarter. Finally, 111 Capital bought a new position in Interactive Brokers Group during the fourth quarter valued at about $221,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Company Profile

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.