Piper Sandler Issues Positive Forecast for Interactive Brokers Group (NASDAQ:IBKR) Stock Price

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) had its price target increased by investment analysts at Piper Sandler from $80.00 to $88.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price target points to a potential upside of 13.02% from the stock’s current price.

A number of other equities analysts also recently weighed in on IBKR. Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price for the company. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Barclays raised their price target on shares of Interactive Brokers Group from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. BMO Capital Markets boosted their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group reduced their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.00.

Read Our Latest Report on IBKR

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $77.87 on Wednesday. Interactive Brokers Group has a 52 week low of $40.19 and a 52 week high of $82.88. The stock has a market capitalization of $132.09 billion, a PE ratio of 35.25, a PEG ratio of 2.25 and a beta of 1.25. The stock’s fifty day moving average is $71.04 and its 200-day moving average is $69.57.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the business posted $1.94 earnings per share. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, analysts forecast that Interactive Brokers Group will post 2.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 145,000 shares of Interactive Brokers Group stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares in the company, valued at approximately $12,066,750. The trade was a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 400,000 shares of company stock worth $30,725,122 in the last 90 days. Insiders own 2.80% of the company’s stock.

Institutional Trading of Interactive Brokers Group

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Interactive Brokers Group by 26.4% in the 3rd quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock valued at $3,637,234,000 after acquiring an additional 11,048,679 shares in the last quarter. Norges Bank bought a new position in Interactive Brokers Group during the 4th quarter worth about $453,146,000. Orbis Allan Gray Ltd raised its stake in shares of Interactive Brokers Group by 178.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after purchasing an additional 6,246,715 shares during the period. Bank of America Corp DE raised its stake in shares of Interactive Brokers Group by 225.4% in the 2nd quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock valued at $420,834,000 after purchasing an additional 5,260,923 shares during the period. Finally, State Street Corp lifted its holdings in shares of Interactive Brokers Group by 23.2% in the third quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock valued at $1,283,221,000 after purchasing an additional 3,517,729 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

More Interactive Brokers Group News

Here are the key news stories impacting Interactive Brokers Group this week:

About Interactive Brokers Group

(Get Free Report)

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.

See Also

Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.