Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) had its price objective boosted by investment analysts at Barclays from $93.00 to $108.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target suggests a potential upside of 13.70% from the company’s previous close.
IBKR has been the subject of several other research reports. China Renaissance initiated coverage on shares of Interactive Brokers Group in a research report on Tuesday. They issued a “hold” rating for the company. Piper Sandler boosted their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price target on the stock. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research report on Friday, May 1st. Finally, BMO Capital Markets upped their target price on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $90.25.
View Our Latest Stock Analysis on Interactive Brokers Group
Interactive Brokers Group Trading Up 1.7%
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. Interactive Brokers Group’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 earnings per share. As a group, equities research analysts predict that Interactive Brokers Group will post 2.46 EPS for the current year.
Insider Transactions at Interactive Brokers Group
In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director directly owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.
Hedge Funds Weigh In On Interactive Brokers Group
Several institutional investors and hedge funds have recently modified their holdings of the business. Reflection Asset Management acquired a new stake in Interactive Brokers Group during the 4th quarter worth approximately $26,000. IMA Advisory Services Inc. boosted its holdings in shares of Interactive Brokers Group by 64.3% in the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after buying an additional 178 shares during the period. Tobam acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $30,000. Entrust Financial LLC bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $31,000. Finally, SHP Wealth Management bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $31,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.
About Interactive Brokers Group
Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.
Its product suite centers on advanced trading platforms and infrastructure.
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