Interactive Brokers Group (NASDAQ:IBKR) Earns Overweight Rating from Barclays

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report)'s stock had its "overweight" rating restated by Barclays in a report issued on Thursday,Benzinga reports. They presently have a $65.00 price objective on the financial services provider's stock. Barclays's target price points to a potential upside of 10.32% from the stock's previous close.

IBKR has been the subject of several other reports. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Piper Sandler cut their target price on shares of Interactive Brokers Group from $52.50 to $48.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group raised their target price on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Citigroup raised their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday. Finally, Bank of America cut their target price on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $56.25.

Interactive Brokers Group Trading Up 1.9%

Shares of Interactive Brokers Group stock traded up $1.08 during trading hours on Thursday, reaching $58.92. 3,706,160 shares of the company's stock were exchanged, compared to its average volume of 5,832,670. The company has a 50 day moving average of $52.07 and a two-hundred day moving average of $48.73. Interactive Brokers Group has a fifty-two week low of $25.92 and a fifty-two week high of $59.17. The stock has a market cap of $99.60 billion, a P/E ratio of 31.89, a P/E/G ratio of 3.04 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). Interactive Brokers Group had a return on equity of 4.97% and a net margin of 9.53%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. As a group, analysts expect that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp increased its holdings in shares of Interactive Brokers Group by 1,434.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,688 shares of the financial services provider's stock worth $298,000 after purchasing an additional 1,578 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Interactive Brokers Group by 151.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261 shares of the financial services provider's stock worth $48,000 after purchasing an additional 157 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Interactive Brokers Group by 6.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 17,008 shares of the financial services provider's stock worth $3,005,000 after purchasing an additional 990 shares during the period. Rovida Investment Management Ltd bought a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $17,652,000. Finally, Orion Portfolio Solutions LLC bought a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $242,000. 23.80% of the stock is owned by institutional investors.

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.