Interactive Brokers Group (NASDAQ:IBKR) Price Target Raised to $152.00 at Bank of America

Interactive Brokers Group (NASDAQ:IBKR) had its price target lifted by research analysts at Bank of America from $147.00 to $152.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Bank of America‘s price target would indicate a potential upside of 38.74% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Piper Sandler upped their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Citigroup lifted their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Barclays raised their target price on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group dropped their price target on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research note on Tuesday, January 9th. Finally, The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.00.

Interactive Brokers Group Trading Up 2.0 %

NASDAQ:IBKR traded up $2.17 during midday trading on Wednesday, hitting $109.56. 1,908,744 shares of the company were exchanged, compared to its average volume of 1,184,651. The company has a fifty day simple moving average of $107.89 and a 200 day simple moving average of $92.43. The company has a market capitalization of $46.13 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.24 and a beta of 0.83. Interactive Brokers Group has a fifty-two week low of $70.83 and a fifty-two week high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.30 EPS. As a group, equities research analysts expect that Interactive Brokers Group will post 6.36 EPS for the current year.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of Interactive Brokers Group stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total transaction of $524,300.00. Following the completion of the transaction, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the transaction, the insider now directly owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Aj Frank sold 50,300 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $90.53, for a total value of $4,553,659.00. Following the sale, the insider now directly owns 445,352 shares in the company, valued at approximately $40,317,716.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 441,800 shares of company stock valued at $41,540,615. Insiders own 3.21% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

A number of institutional investors have recently modified their holdings of IBKR. Contravisory Investment Management Inc. purchased a new stake in Interactive Brokers Group in the 4th quarter worth approximately $25,000. Rise Advisors LLC acquired a new position in shares of Interactive Brokers Group during the 1st quarter valued at about $30,000. Eagle Bay Advisors LLC acquired a new stake in shares of Interactive Brokers Group in the second quarter worth approximately $31,000. Rakuten Securities Inc. purchased a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $34,000. Finally, Atlas Capital Advisors LLC acquired a new position in Interactive Brokers Group during the first quarter worth approximately $40,000. Institutional investors and hedge funds 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.