Barclays Issues Pessimistic Forecast for Interactive Brokers Group (NASDAQ:IBKR) Stock Price

Interactive Brokers Group (NASDAQ:IBKR) had its target price lowered by research analysts at Barclays from $231.00 to $188.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective would suggest a potential upside of 27.87% from the company’s current price.

Several other analysts have also recently issued reports on IBKR. Citigroup dropped their price objective on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. UBS Group increased their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Piper Sandler reissued an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. StockNews.com downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.88.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $147.02 on Monday. Interactive Brokers Group has a 1 year low of $103.69 and a 1 year high of $236.53. The firm has a market capitalization of $62.13 billion, a PE ratio of 20.82, a P/E/G ratio of 1.59 and a beta of 1.02. The business’s 50 day moving average price is $194.21 and its 200-day moving average price is $180.04.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 EPS. As a group, analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jill Bright purchased 135 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Interactive Brokers Group

Institutional investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd grew its position in Interactive Brokers Group by 39.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 53 shares in the last quarter. KG&L Capital Management LLC boosted its stake in shares of Interactive Brokers Group by 2.5% in the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 60 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of Interactive Brokers Group by 0.3% in the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc increased its stake in Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after buying an additional 71 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in Interactive Brokers Group by 2.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider’s stock worth $502,000 after buying an additional 73 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

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.