Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $265.00 at UBS Group

Interactive Brokers Group (NASDAQ:IBKR) had its price target boosted by equities researchers at UBS Group from $225.00 to $265.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. UBS Group’s price target would suggest a potential upside of 27.56% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Keefe, Bruyette & Woods increased their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Barclays increased their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Finally, Citigroup boosted their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $207.75 on Monday. Interactive Brokers Group has a 12 month low of $88.22 and a 12 month high of $220.66. The stock has a market capitalization of $87.78 billion, a P/E ratio of 29.43, a PEG ratio of 1.49 and a beta of 0.87. The firm’s 50-day moving average is $186.96 and its two-hundred day moving average is $154.49.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Interactive Brokers Group’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the business posted $1.52 EPS. As a group, analysts anticipate that Interactive Brokers Group will post 7.39 EPS for the current year.

Institutional Trading of Interactive Brokers Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBKR. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Interactive Brokers Group in the 3rd quarter valued at $83,630,000. Waverton Investment Management Ltd purchased a new position in shares of Interactive Brokers Group during the third quarter worth about $26,946,000. Allspring Global Investments Holdings LLC increased its position in shares of Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after purchasing an additional 187,010 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at about $25,085,000. Finally, International Assets Investment Management LLC boosted its position in shares of Interactive Brokers Group by 13,967.5% in the 3rd quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock valued at $20,781,000 after purchasing an additional 148,055 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.