Interactive Brokers Group (NASDAQ:IBKR) Given Overweight Rating at Barclays

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report)'s stock had its "overweight" rating restated by investment analysts at Barclays in a research note issued on Thursday,Benzinga reports. They currently have a $65.00 price target on the financial services provider's stock. Barclays's price target indicates a potential upside of 10.92% from the stock's current price.

Several other equities research analysts have also recently issued reports on IBKR. Piper Sandler reduced their price objective on shares of Interactive Brokers Group from $52.50 to $48.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. 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 report on Wednesday, April 16th. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, 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 report on Monday, July 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Interactive Brokers Group presently has an average rating of "Moderate Buy" and a consensus price target of $56.25.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR traded down $0.32 during trading on Thursday, hitting $58.60. The company's stock had a trading volume of 4,433,155 shares, compared to its average volume of 5,837,289. The company has a 50-day moving average of $52.34 and a 200-day moving average of $48.88. Interactive Brokers Group has a 12 month low of $25.92 and a 12 month high of $59.62. The firm has a market cap of $99.06 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 2.70 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results 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 firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. As a group, research analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Institutional Investors Weigh In On Interactive Brokers Group

Hedge funds have recently bought and sold shares of the stock. N.E.W. Advisory Services LLC acquired a new position in shares of Interactive Brokers Group during the 1st quarter worth approximately $26,000. Contravisory Investment Management Inc. raised its stake in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider's stock worth $31,000 after buying an additional 423 shares during the period. Aster Capital Management DIFC Ltd raised its stake in Interactive Brokers Group by 39.8% in the 4th 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. City Holding Co. acquired a new position in Interactive Brokers Group in the 1st quarter valued at $33,000. Finally, Nvwm LLC acquired a new position in Interactive Brokers Group in the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

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.