Barclays Upgrades Interactive Brokers Group Stock Price Target

Interactive Brokers Group (NASDAQ:IBKR) recently received an upgrade from Barclays, which increased its price target for the stock from $224.00 to $231.00. This change was detailed in a report released on Wednesday, where Barclays also assigned an "overweight" rating to the financial services provider. The new price target indicates a potential upside of 19.79% based on the stock's previous closing price.

Additional Analyst Ratings

Interactive Brokers Group has been featured in several other research reports as well. For instance, Jefferies Financial Group raised their price target for the stock from $152.00 to $165.00, while also giving it a "buy" rating as of October 4th. Additionally, the Goldman Sachs Group increased their target from $171.00 to $195.00 with a "buy" rating on December 3rd. Similarly, UBS Group raised their objective from $155.00 to $170.00 and gave a "buy" rating on October 8th. Meanwhile, Keefe, Bruyette & Woods elevated their target from $190.00 to $195.00, maintaining a "market perform" rating as of January 13th. Lastly, Citigroup increased their price target from $180.00 to $220.00 with a "buy" rating on January 10th. Overall, one analyst has rated the stock as a hold, while seven analysts have given it a buy rating, leading to an average rating of "Moderate Buy" and a consensus target price of $191.00 according to MarketBeat.

Latest Stock Performance

The shares of Interactive Brokers opened at $192.83 on Wednesday. Currently, the company’s 50-day moving average stands at $184.08, while the 200-day moving average is $151.45. Interactive Brokers Group boasts a market capitalization of $81.47 billion, a P/E ratio of 29.44, a P/E/G ratio of 1.38, and a beta of 0.87. The company's stock has seen a fifty-two week low of $88.22 and a fifty-two week high of $194.87.

Recent Earnings Announcement

On January 21st, Interactive Brokers Group announced its quarterly earnings, posting earnings per share of $2.03, which surpassed the consensus estimate of $1.81 by $0.22. The company reported a return on equity of 4.83% and a net margin of 7.89%. It generated revenue of $1.39 billion during the quarter, exceeding the estimates of approximately $1.37 billion. Compared to the previous year, this marked a year-over-year revenue increase of 21.8%. Analysts project that Interactive Brokers Group will achieve an EPS of 6.99 for the current year.

Institutional Investors’ Activity

Several institutional investors and hedge funds have been active in buying and selling shares of Interactive Brokers Group recently. For instance, Townsquare Capital LLC raised its stake in the company by 1.2% during the third quarter, acquiring an additional 67 shares for a total of 5,456 shares worth $760,000. Similarly, TD Private Client Wealth LLC increased its holdings by 0.3%, obtaining a total of 19,797 shares valued at $2.76 million after purchasing 69 more shares in the third quarter. Additionally, Versant Capital Management Inc raised its position by 66.4% in the fourth quarter, acquiring an extra 71 shares to reach a total of 178 shares valued at $31,000. Koshinski Asset Management Inc increased its stake in the company by 3.7%, while Uncommon Cents Investing LLC raised its holdings by 0.5%, bringing its total to 17,120 shares worth $3.03 million. Overall, hedge funds and institutional investors currently own 23.80% of Interactive Brokers Group's stock.

Company Overview

Interactive Brokers Group operates as an automated electronic broker across the globe. The company is involved in executing, clearing, and settling trades for various financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, ETFs, precious metals, and cryptocurrencies.

Barclays, IBKR, Stock