Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $220.00

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) had its price objective raised by stock analysts at Citigroup from $180.00 to $220.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the financial services provider's stock. Citigroup's price target would suggest a potential upside of 18.78% from the company's current price.

Several other research firms have also recently weighed in on IBKR. Piper Sandler upped their price target on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday. Jefferies Financial Group upped their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Keefe, Bruyette & Woods upped 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 report on Friday, December 20th. Barclays upped their price target on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group upped their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Interactive Brokers Group currently has an average rating of "Moderate Buy" and a consensus price target of $188.25.

Interactive Brokers Group Stock Performance

IBKR stock traded down $5.68 during midday trading on Friday, reaching $185.21. 1,322,455 shares of the company's stock traded hands, compared to its average volume of 1,240,376. The company has a 50-day moving average price of $180.71 and a two-hundred day moving average price of $147.56. Interactive Brokers Group has a 52 week low of $83.86 and a 52 week high of $193.42. The firm has a market capitalization of $78.26 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results 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). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $1.55 EPS. As a group, analysts predict that Interactive Brokers Group will post 6.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Interactive Brokers Group

A number of institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc increased its stake in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new stake in shares of Interactive Brokers Group during the second quarter valued at approximately $32,000. UMB Bank n.a. grew its holdings in shares of Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock valued at $40,000 after buying an additional 224 shares during the last quarter. Smithfield Trust Co grew its holdings in shares of Interactive Brokers Group by 80.6% during the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider's stock valued at $48,000 after buying an additional 154 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Interactive Brokers Group during the third quarter valued at approximately $49,000. 23.80% of the stock is 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.