Interactive Brokers Group (NASDAQ:IBKR) Given New $85.00 Price Target at Barclays

Interactive Brokers Group (NASDAQ:IBKR) had its target price boosted by investment analysts at Barclays from $83.00 to $85.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 18.51% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Jefferies Financial Group reduced their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. 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. BMO Capital Markets upped their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a research note on Wednesday. They set a “market perform” rating and a $75.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.97.

Interactive Brokers Group Stock Up 5.3%

IBKR stock traded up $3.61 during trading hours on Wednesday, hitting $71.72. The company’s stock had a trading volume of 2,168,764 shares, compared to its average volume of 4,960,606. The company has a market capitalization of $121.67 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. Interactive Brokers Group has a 12 month low of $36.22 and a 12 month high of $79.18. The stock has a 50 day moving average price of $70.65 and a two-hundred day moving average price of $68.90.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share. Sell-side analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 400,000 shares of company stock valued at $30,725,122. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Interactive Brokers Group

Several large investors have recently made changes to their positions in the company. Hsbc Holdings PLC grew its holdings in shares of Interactive Brokers Group by 24.3% in the 4th quarter. Hsbc Holdings PLC now owns 1,120,539 shares of the financial services provider’s stock worth $72,299,000 after purchasing an additional 219,180 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Interactive Brokers Group by 111.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 18,206 shares of the financial services provider’s stock worth $1,171,000 after acquiring an additional 9,597 shares during the last quarter. Meadowbrook Advisors Group LLC bought a new stake in Interactive Brokers Group during the 4th quarter worth about $247,000. DUTCH ASSET Corp bought a new stake in Interactive Brokers Group during the 4th quarter worth about $3,424,000. Finally, Corient Private Wealth LLC boosted its stake in shares of Interactive Brokers Group by 19.3% in the 4th quarter. Corient Private Wealth LLC now owns 88,886 shares of the financial services provider’s stock valued at $5,717,000 after purchasing an additional 14,378 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

About Interactive Brokers Group

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.