Jefferies Financial Group Boosts Interactive Brokers Group (NASDAQ:IBKR) Price Target to $165.00

Interactive Brokers Group (NASDAQ:IBKR) had its price objective lifted by Jefferies Financial Group from $152.00 to $165.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target indicates a potential upside of 11.60% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Barclays boosted their price objective on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. UBS Group boosted their price target on Interactive Brokers Group from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Finally, Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.11.

Interactive Brokers Group Trading Up 2.1 %

NASDAQ IBKR opened at $147.85 on Friday. The business’s 50-day moving average price is $125.94 and its 200 day moving average price is $121.60. Interactive Brokers Group has a twelve month low of $72.60 and a twelve month high of $147.85. The company has a market capitalization of $62.26 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.21 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.02. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the firm posted $1.32 EPS. The company’s revenue was up 21.2% on a year-over-year basis. Equities analysts predict that Interactive Brokers Group will post 6.81 EPS for the current year.

Institutional Investors Weigh In On Interactive Brokers Group

Hedge funds have recently modified their holdings of the stock. Tortoise Investment Management LLC grew its position in Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group during the 2nd quarter valued at $32,000. Rise Advisors LLC acquired a new stake in Interactive Brokers Group during the 1st quarter valued at $30,000. Kapitalo Investimentos Ltda lifted its holdings in Interactive Brokers Group by 278.0% in the 4th quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock worth $40,000 after buying an additional 353 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Interactive Brokers Group by 213.6% in the 1st quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider’s stock valued at $54,000 after buying an additional 329 shares during the last quarter. 23.80% of the stock is currently 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.