Citigroup Forecasts Strong Price Appreciation for Interactive Brokers Group (NASDAQ:IBKR) Stock

Interactive Brokers Group (NASDAQ:IBKR) had its target price hoisted by equities research analysts at Citigroup from $180.00 to $220.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Citigroup’s target price points to a potential upside of 18.91% from the company’s previous close.

IBKR has been the topic of several other reports. Jefferies Financial Group boosted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods lifted their price objective on Interactive Brokers Group from $152.00 to $190.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Barclays increased their target price on Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. The Goldman Sachs Group upped their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler raised their target price on Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $188.25.

Interactive Brokers Group Stock Performance

NASDAQ IBKR traded down $5.88 during trading on Friday, reaching $185.01. The company’s stock had a trading volume of 861,405 shares, compared to its average volume of 1,159,587. The business’s fifty day moving average price is $180.71 and its 200-day moving average price is $147.56. Interactive Brokers Group has a twelve month low of $83.86 and a twelve month high of $193.42. The firm has a market cap of $78.17 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company earned $1.55 earnings per share. As a group, sell-side analysts forecast that Interactive Brokers Group will post 6.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Interactive Brokers Group

A number of institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its stake in Interactive Brokers Group by 3.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 14,255 shares of the financial services provider’s stock valued at $1,748,000 after purchasing an additional 486 shares during the last quarter. National Bank of Canada FI boosted its position in Interactive Brokers Group by 13.2% during the second quarter. National Bank of Canada FI now owns 7,612 shares of the financial services provider’s stock worth $963,000 after acquiring an additional 889 shares during the last quarter. Victory Capital Management Inc. boosted its position in Interactive Brokers Group by 27.4% during the second quarter. Victory Capital Management Inc. now owns 173,532 shares of the financial services provider’s stock worth $21,275,000 after acquiring an additional 37,288 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Interactive Brokers Group in the 2nd quarter valued at $4,332,000. Finally, Caprock Group LLC purchased a new position in shares of Interactive Brokers Group during the 2nd quarter worth $231,000. 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.