Interactive Brokers Group (NASDAQ:IBKR) Price Target Increased to $166.00 by Analysts at Barclays

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) had its price objective raised by analysts at Barclays from $147.00 to $166.00 in a research report issued to clients and 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 11.99% from the stock's current price.

A number of other equities analysts also recently commented on IBKR. Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an "outperform" rating to a "market perform" rating and upped their target price for the company from $128.00 to $135.00 in a report on Thursday, July 11th. Finally, UBS Group increased their price objective on Interactive Brokers Group from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $137.22.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock traded up $0.38 during trading on Monday, reaching $148.23. The company had a trading volume of 676,269 shares, compared to its average volume of 1,002,996. The firm's 50-day simple moving average is $125.94 and its 200 day simple moving average is $121.79. Interactive Brokers Group has a 1-year low of $72.60 and a 1-year high of $149.33. The firm has a market capitalization of $62.42 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 1.21 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.74 by $0.02. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The company's quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.32 EPS. Analysts anticipate that Interactive Brokers Group will post 6.81 EPS for the current year.

Institutional Trading of Interactive Brokers Group

Several hedge funds have recently added to or reduced their stakes in IBKR. Rise Advisors LLC acquired a new stake in shares of Interactive Brokers Group in the first quarter worth about $30,000. Tortoise Investment Management LLC grew its stake in shares of Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider's stock worth $31,000 after purchasing an additional 111 shares during the period. Fairfield Financial Advisors LTD bought a new position in Interactive Brokers Group during the second quarter worth about $32,000. Kapitalo Investimentos Ltda lifted its holdings in shares of Interactive Brokers Group by 278.0% in the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 353 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Interactive Brokers Group by 213.6% in the first quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 329 shares in the last quarter. Institutional investors own 23.80% of the company's stock.

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.

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