Piper Sandler Increases Interactive Brokers Group (NASDAQ:IBKR) Price Target to $125.00
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) had its target price upped by equities researchers at Piper Sandler from $105.00 to $125.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s target price would suggest a potential upside of 13.23% from the company’s previous close.
Other analysts also recently issued research reports about the stock. The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. UBS Group reduced their price target on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, January 9th. Citigroup upped their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday. Finally, Barclays upped their price target on shares of Interactive Brokers Group from $117.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.13.
Check Out Our Latest Stock Report on IBKR
Interactive Brokers Group Trading Down 1.6 %
IBKR stock opened at $110.39 on Friday. The company has a market cap of $46.48 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.30 and a beta of 0.83. Interactive Brokers Group has a 52 week low of $70.83 and a 52 week high of $116.92. The company’s 50-day moving average price is $107.32 and its 200 day moving average price is $92.11.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last released 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 company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 EPS. On average, equities research analysts expect that Interactive Brokers Group will post 6.24 earnings per share for the current year.
Insider Activity
In other news, Vice Chairman Earl H. Nemser sold 74,218 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the transaction, the insider now owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Vice Chairman Earl H. Nemser sold 74,218 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the transaction, the insider now owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thomas Aj Frank sold 50,300 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $90.53, for a total transaction of $4,553,659.00. Following the completion of the transaction, the insider now directly owns 445,352 shares of the company’s stock, valued at approximately $40,317,716.56. 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 over the last 90 days. Insiders own 3.21% of the company’s stock.
Hedge Funds Weigh In On Interactive Brokers Group
Several institutional investors and hedge funds have recently bought and sold shares of IBKR. Contravisory Investment Management Inc. acquired a new position in Interactive Brokers Group during the fourth quarter worth approximately $25,000. Rise Advisors LLC acquired a new position in Interactive Brokers Group during the first quarter worth approximately $30,000. Eagle Bay Advisors LLC purchased a new stake in Interactive Brokers Group during the second quarter worth approximately $31,000. Rakuten Securities Inc. purchased a new stake in Interactive Brokers Group during the fourth quarter worth approximately $34,000. Finally, Headlands Technologies LLC purchased a new stake in Interactive Brokers Group during the third quarter worth approximately $40,000. Institutional investors and hedge funds 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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