Piper Sandler Forecasts Strong Price Appreciation for Interactive Brokers Group (NASDAQ:IBKR) Stock

Interactive Brokers Group (NASDAQ:IBKR) had its target price upped by Piper Sandler from $163.00 to $200.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective points to a potential upside of 4.77% from the company’s current price.

Other equities analysts have also issued research reports about the company. UBS Group boosted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group boosted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their target price on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Finally, Barclays increased their price target on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.63.

Interactive Brokers Group Stock Down 0.1 %

NASDAQ:IBKR opened at $190.89 on Tuesday. The stock has a market cap of $80.66 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 1.41 and a beta of 0.87. The company’s 50 day moving average price is $179.94 and its 200-day moving average price is $147.25. Interactive Brokers Group has a 52 week low of $83.86 and a 52 week high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last issued its 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 net margin of 7.89% and a return on equity of 4.83%. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business posted $1.55 earnings per share. As a group, sell-side analysts anticipate that Interactive Brokers Group will post 6.82 earnings per share for the current year.

Institutional Trading of Interactive Brokers Group

Several hedge funds have recently bought and sold shares of IBKR. Versant Capital Management Inc raised its stake in shares of 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 buying an additional 71 shares during the period. Fairfield Financial Advisors LTD bought a new stake in Interactive Brokers Group during the 2nd quarter worth approximately $32,000. UMB Bank n.a. lifted its holdings in Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 224 shares in the last quarter. Smithfield Trust Co boosted its position in shares of Interactive Brokers Group by 80.6% in the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 154 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Interactive Brokers Group in the third quarter worth $49,000. Institutional investors 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.