Barclays Cuts Interactive Brokers Group (NASDAQ:IBKR) Price Target to $188.00

Interactive Brokers Group (NASDAQ:IBKR) had its price target decreased by stock analysts at Barclays from $231.00 to $188.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective would suggest a potential upside of 27.87% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. UBS Group boosted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Citigroup dropped their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Finally, StockNews.com downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $195.88.

Interactive Brokers Group Stock Performance

IBKR stock opened at $147.02 on Monday. The company’s 50 day moving average price is $194.21 and its 200 day moving average price is $180.04. The firm has a market capitalization of $62.13 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.59 and a beta of 1.02. Interactive Brokers Group has a fifty-two week low of $103.69 and a fifty-two week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm posted $1.52 EPS. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. Equities analysts forecast that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.99% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Interactive Brokers Group

Hedge funds have recently modified their holdings of the stock. Cerity Partners LLC increased its stake in Interactive Brokers Group by 60.2% in the 3rd quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider’s stock valued at $425,000 after buying an additional 1,146 shares during the period. Benjamin Edwards Inc. increased its stake in shares of Interactive Brokers Group by 487.4% during the third quarter. Benjamin Edwards Inc. now owns 2,931 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 2,432 shares during the period. HighTower Advisors LLC raised its holdings in Interactive Brokers Group by 67.4% during the third quarter. HighTower Advisors LLC now owns 72,636 shares of the financial services provider’s stock worth $10,133,000 after purchasing an additional 29,257 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Interactive Brokers Group by 82.3% during the third quarter. Quantinno Capital Management LP now owns 3,167 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 1,430 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in Interactive Brokers Group by 6.1% in the 3rd quarter. Stifel Financial Corp now owns 169,247 shares of the financial services provider’s stock valued at $23,586,000 after purchasing an additional 9,716 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Company Profile

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.