Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $224.00 at Barclays

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) had its price target lifted by research analysts at Barclays from $214.00 to $224.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. Barclays's target price suggests a potential upside of 22.23% from the stock's current price.

A number of other research analysts have also recently issued reports on IBKR. 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 report on Tuesday, October 8th. Piper Sandler lifted their price objective on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. The Goldman Sachs Group boosted their price objective on shares of 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, Keefe, Bruyette & Woods boosted their price target on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. One investment 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 an average target price of $190.13.

Interactive Brokers Group Price Performance

IBKR stock traded down $1.95 during midday trading on Monday, hitting $183.26. The company's stock had a trading volume of 1,325,792 shares, compared to its average volume of 1,252,684. The company's fifty day moving average price is $181.92 and its 200 day moving average price is $148.79. Interactive Brokers Group has a twelve month low of $83.86 and a twelve month high of $193.42. The stock has a market capitalization of $77.43 billion, a P/E ratio of 27.98, a PEG ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS 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 during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company posted $1.55 EPS. Equities analysts expect that Interactive Brokers Group will post 6.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Interactive Brokers Group

A number of large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Interactive Brokers Group by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider's stock valued at $559,821,000 after acquiring an additional 11,379 shares in the last quarter. State Street Corp boosted its position in Interactive Brokers Group by 1.7% during the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider's stock worth $449,037,000 after purchasing an additional 52,911 shares in the last quarter. Greenwich Wealth Management LLC lifted its position in shares of Interactive Brokers Group by 0.3% in the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider's stock valued at $365,271,000 after acquiring an additional 8,038 shares in the last quarter. Marshall Wace LLP lifted its position in Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider's stock worth $307,365,000 after buying an additional 481,826 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider's stock valued at $287,921,000 after buying an additional 106,392 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

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.