Barclays Forecasts Strong Price Appreciation for Interactive Brokers Group (NASDAQ:IBKR) Stock

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) had its price target raised by investment analysts at Barclays from $165.00 to $214.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. Barclays's price objective would suggest a potential upside of 18.78% from the stock's current price.

A number of other research analysts have also weighed in on the stock. UBS Group lifted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Jefferies Financial Group lifted their price target 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. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Finally, Piper Sandler restated an "overweight" rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Interactive Brokers Group presently has an average rating of "Moderate Buy" and a consensus target price of $166.13.

Interactive Brokers Group Price Performance

Shares of IBKR traded down $6.79 during mid-day trading on Monday, hitting $180.17. The stock had a trading volume of 1,619,390 shares, compared to its average volume of 1,019,944. The firm has a market cap of $76.13 billion, a P/E ratio of 28.54, a PEG ratio of 1.46 and a beta of 0.85. Interactive Brokers Group has a 52 week low of $78.93 and a 52 week high of $193.42. The business has a fifty day moving average price of $165.11 and a 200-day moving average price of $138.27.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). The firm 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 quarter in the prior year, the firm posted $1.55 earnings per share. As a group, research analysts expect that Interactive Brokers Group will post 6.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its stake in shares of Interactive Brokers Group by 1,292.1% during the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider's stock valued at $132,655,000 after purchasing an additional 1,004,289 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in Interactive Brokers Group during the 3rd quarter valued at approximately $83,630,000. Marshall Wace LLP grew its holdings in shares of Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider's stock worth $307,365,000 after acquiring an additional 481,826 shares during the period. Waverton Investment Management Ltd bought a new position in shares of Interactive Brokers Group in the 3rd quarter worth approximately $26,946,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Interactive Brokers Group by 262.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider's stock valued at $36,004,000 after purchasing an additional 187,010 shares during the period. 23.80% of the stock is 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.