Interactive Brokers Group (NASDAQ:IBKR) Given New $136.00 Price Target at Barclays

Interactive Brokers Group (NASDAQ:IBKR) had its price objective increased by Barclays from $132.00 to $136.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective would suggest a potential upside of 24.51% from the company’s current price.

A number of other analysts have also commented on the stock. Piper Sandler boosted their price target on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Citigroup boosted their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. UBS Group reduced their target price on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, January 9th. Finally, The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $88.00 to $102.00 in a research note on Tuesday, January 9th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $120.00.

Interactive Brokers Group Stock Up 1.7 %

IBKR stock traded up $1.84 during midday trading on Wednesday, reaching $109.23. 2,489,523 shares of the company’s stock traded hands, compared to its average volume of 1,188,977. The company has a market cap of $45.99 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.24 and a beta of 0.83. The firm’s fifty day moving average price is $107.89 and its 200-day moving average price is $92.43. Interactive Brokers Group has a 52 week low of $70.83 and a 52 week high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 EPS. Analysts forecast that Interactive Brokers Group will post 6.36 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Thomas Aj Frank sold 12,917 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $88.68, for a total value of $1,145,479.56. Following the transaction, the insider now directly owns 497,368 shares of the company’s stock, valued at approximately $44,106,594.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Thomas Aj Frank sold 12,917 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $88.68, for a total value of $1,145,479.56. Following the transaction, the insider now directly owns 497,368 shares of the company’s stock, valued at approximately $44,106,594.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the completion of the transaction, the insider now directly owns 234,552 shares in the company, valued at $22,585,012.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 441,800 shares of company stock valued at $41,540,615. 3.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Interactive Brokers Group

Several institutional investors have recently added to or reduced their stakes in the business. 180 Wealth Advisors LLC purchased a new stake in Interactive Brokers Group during the first quarter valued at about $224,000. Thrive Wealth Management LLC purchased a new stake in Interactive Brokers Group during the first quarter valued at about $246,000. Wallace Advisory Group LLC lifted its holdings in Interactive Brokers Group by 8.8% during the first quarter. Wallace Advisory Group LLC now owns 2,693 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 217 shares during the last quarter. Factory Mutual Insurance Co. purchased a new stake in Interactive Brokers Group during the first quarter valued at about $3,351,000. Finally, MJP Associates Inc. ADV purchased a new stake in Interactive Brokers Group during the first quarter valued at about $300,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

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.