Interactive Brokers Group (NASDAQ:IBKR) Earns Overweight Rating from Piper Sandler

Interactive Brokers Group (NASDAQ:IBKR)‘s stock had its “overweight” rating reaffirmed by analysts at Piper Sandler in a report released on Wednesday,Benzinga reports. They currently have a $210.00 price objective on the financial services provider’s stock, up from their previous price objective of $200.00. Piper Sandler’s target price would indicate a potential upside of 0.70% from the company’s current price.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group raised their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. UBS Group raised their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Citigroup raised their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Jefferies Financial Group raised their price objective 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. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $192.25.

Interactive Brokers Group Trading Down 0.6 %

Interactive Brokers Group stock opened at $208.55 on Wednesday. The stock’s fifty day simple moving average is $185.31 and its 200-day simple moving average is $152.25. The firm has a market capitalization of $88.12 billion, a P/E ratio of 29.54, a P/E/G ratio of 1.40 and a beta of 0.87. Interactive Brokers Group has a twelve month low of $88.22 and a twelve month high of $212.84.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.11% and a net margin of 9.25%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1,372,590.34 billion. During the same period in the previous year, the business earned $1.52 EPS. Interactive Brokers Group’s revenue for the quarter was up 21.8% on a year-over-year basis. Sell-side analysts predict that Interactive Brokers Group will post 7.2 earnings per share for the current year.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors have recently modified their holdings of the business. Donoghue Forlines LLC acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at $2,088,000. Aurora Investment Counsel acquired a new position in Interactive Brokers Group in the 3rd quarter valued at $1,693,000. Friedenthal Financial acquired a new position in Interactive Brokers Group in the 4th quarter valued at $775,000. Versor Investments LP acquired a new position in Interactive Brokers Group in the 3rd quarter valued at $474,000. Finally, Caldwell Investment Management Ltd. acquired a new position in Interactive Brokers Group in the 4th quarter valued at $1,215,000. 23.80% of the stock is owned by institutional investors and hedge funds.

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.