Interactive Brokers Group (NASDAQ:IBKR) Now Covered by Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank initiated coverage of Interactive Brokers Group with a “buy” rating and a $102 price target, implying 16.08% upside from the prior close.
• Analyst sentiment is broadly positive: IBKR has a consensus “Moderate Buy” rating and an average price target of $103.18, based on ratings from 18 analysts.
• Interactive Brokers exceeded quarterly expectations, reporting $0.69 EPS versus $0.64 expected and $1.88 billion in revenue, up 28.1% year over year.

Equities researchers at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm set a "buy" rating and a $102.00 price target on the financial services provider's stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 16.08% from the stock's previous close.

Several other brokerages also recently weighed in on IBKR. Piper Sandler set a $109.00 target price on shares of Interactive Brokers Group and gave the stock an "overweight" rating in a research note on Wednesday, July 22nd. Seaport Research Partners upgraded shares of Interactive Brokers Group to a "buy" rating in a report on Monday. Zacks Research cut shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 24th. BMO Capital Markets dropped their price target on shares of Interactive Brokers Group from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, October 6th. Finally, Wells Fargo & Company initiated coverage on shares of Interactive Brokers Group in a research note on Friday, October 2nd. They issued an "overweight" rating and a $102.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $103.18.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $87.87 on Monday. The company has a market cap of $149.50 billion, a P/E ratio of 35.15, a P/E/G ratio of 1.56 and a beta of 1.37. The stock has a 50-day moving average of $90.54 and a two-hundred day moving average of $86.59. Interactive Brokers Group has a 1-year low of $58.95 and a 1-year high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The business had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter in the prior year, the company earned $0.51 earnings per share. The business's quarterly revenue was up 28.1% on a year-over-year basis. On average, analysts anticipate that Interactive Brokers Group will post 2.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Interactive Brokers Group

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new stake in shares of Interactive Brokers Group in the 2nd quarter valued at about $210,639,000. Bessemer Group Inc. boosted its position in shares of Interactive Brokers Group by 156.0% in the 1st quarter. Bessemer Group Inc. now owns 3,922,736 shares of the financial services provider's stock valued at $263,097,000 after purchasing an additional 2,390,247 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Interactive Brokers Group by 2,707.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,192,749 shares of the financial services provider's stock valued at $79,998,000 after purchasing an additional 1,150,271 shares during the period. Amundi grew its stake in Interactive Brokers Group by 62.4% during the 1st quarter. Amundi now owns 2,433,236 shares of the financial services provider's stock worth $163,197,000 after buying an additional 934,843 shares during the last quarter. Finally, Capital Impact Advisors LLC grew its stake in Interactive Brokers Group by 173.7% during the 4th quarter. Capital Impact Advisors LLC now owns 493,957 shares of the financial services provider's stock worth $31,766,000 after buying an additional 313,461 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.

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