Interactive Brokers Group (NASDAQ:IBKR) Given New $193.00 Price Target at Barclays

Interactive Brokers Group (NASDAQ:IBKR) had its target price upped by equities research analysts at Barclays from $188.00 to $193.00 in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target suggests a potential upside of 20.99% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Piper Sandler decreased their target price on shares of Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods lifted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. StockNews.com raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 10th. UBS Group lifted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Citigroup dropped their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $207.88.

Interactive Brokers Group Stock Up 1.0 %

IBKR opened at $159.52 on Wednesday. The firm has a market capitalization of $67.41 billion, a P/E ratio of 22.59, a PEG ratio of 1.59 and a beta of 1.02. The stock has a fifty day moving average of $185.02 and a 200-day moving average of $181.14. Interactive Brokers Group has a 12-month low of $103.69 and a 12-month high of $236.53.

Interactive Brokers Group’s stock is scheduled to split on the morning of Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly minted shares will be distributed to shareholders after the closing bell on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.04). Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. On average, analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Jill Bright acquired 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.99% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd grew its position in shares of Interactive Brokers Group by 39.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 53 shares during the last quarter. KG&L Capital Management LLC boosted its stake in Interactive Brokers Group by 2.5% during the 4th quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 60 shares during the period. Versant Capital Management Inc grew its holdings in Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the last quarter. Quadrant Capital Group LLC increased its position in Interactive Brokers Group by 2.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider’s stock worth $502,000 after buying an additional 73 shares during the period. Finally, Lebenthal Global Advisors LLC lifted its holdings in shares of Interactive Brokers Group by 1.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock worth $1,270,000 after buying an additional 78 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

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.