Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Interactive Brokers Group (NASDAQ:IBKR) Stock

Interactive Brokers Group (NASDAQ:IBKR) had its price target lifted by equities research analysts at Keefe, Bruyette & Woods from $190.00 to $195.00 in a report released on Monday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 6.77% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Jefferies Financial Group boosted their price target 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. UBS Group boosted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group increased their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler lifted their price target on Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Finally, Citigroup increased their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $190.13.

Interactive Brokers Group Trading Down 0.3 %

Shares of Interactive Brokers Group stock opened at $182.64 on Monday. The firm has a market capitalization of $77.17 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. Interactive Brokers Group has a 12 month low of $83.86 and a 12 month high of $193.42. The business’s 50-day moving average price is $181.92 and its 200-day moving average price is $148.79.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business posted $1.55 earnings per share. As a group, analysts predict that Interactive Brokers Group will post 6.82 earnings per share for the current fiscal year.

Institutional Trading of Interactive Brokers Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group in the 4th quarter worth approximately $25,000. Versant Capital Management Inc raised its holdings in Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 71 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in Interactive Brokers Group during the second quarter valued at $32,000. UMB Bank n.a. boosted its holdings in shares of Interactive Brokers Group by 350.0% during the 3rd 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 in the last quarter. Finally, Smithfield Trust Co grew its position in shares of Interactive Brokers Group by 80.6% in the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after buying an additional 154 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

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.