Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $135.00 at Citigroup
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) had its target price increased by investment analysts at Citigroup from $105.00 to $135.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target would indicate a potential upside of 22.29% from the company’s previous close.
IBKR has been the subject of a number of other reports. UBS Group lowered their price objective on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday, January 9th. The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $88.00 to $102.00 in a research note on Tuesday, January 9th. Finally, Barclays boosted their price target on shares of Interactive Brokers Group from $117.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. One research 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.13.
Check Out Our Latest Research Report on Interactive Brokers Group
Interactive Brokers Group Price Performance
Shares of Interactive Brokers Group stock opened at $110.39 on Thursday. The firm has a 50 day simple moving average of $107.32 and a 200 day simple moving average of $92.07. Interactive Brokers Group has a fifty-two week low of $70.83 and a fifty-two week high of $116.92. The firm has a market cap of $46.48 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.31 and a beta of 0.83.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.30 earnings per share. On average, sell-side analysts expect that Interactive Brokers Group will post 6.24 EPS for the current year.
Insider Activity
In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the transaction, the insider now owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the sale, the insider now directly owns 113,770 shares in the company, valued at $11,929,922.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the sale, the insider now directly owns 234,552 shares in the company, valued at approximately $22,585,012.08. The disclosure for this sale can be found here. Insiders sold a total of 454,989 shares of company stock valued at $42,696,367 in the last ninety days. 3.21% of the stock is owned by insiders.
Institutional Trading of Interactive Brokers Group
Large investors have recently bought and sold shares of the business. Darwin Wealth Management LLC acquired a new position in shares of Interactive Brokers Group in the third quarter valued at approximately $1,775,000. Teachers Retirement System of The State of Kentucky boosted its stake in Interactive Brokers Group by 93.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider’s stock worth $3,044,000 after purchasing an additional 16,996 shares during the period. Ellsworth Advisors LLC bought a new position in Interactive Brokers Group during the 4th quarter worth about $4,148,000. Raymond James & Associates raised its stake in shares of Interactive Brokers Group by 3.2% in the 4th quarter. Raymond James & Associates now owns 390,183 shares of the financial services provider’s stock valued at $32,346,000 after purchasing an additional 12,231 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Interactive Brokers Group by 6.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 70,458 shares of the financial services provider’s stock valued at $6,099,000 after purchasing an additional 3,986 shares in the last quarter. 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.
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