Interactive Brokers Group (NASDAQ:IBKR) Issues Quarterly Earnings Results

Key Points

• Interactive Brokers Group reported a quarterly EPS of $0.57, exceeding the consensus estimate by $0.08, with a net margin of 9.78%.
• The stock's recent performance includes a trading volume of over 9 million shares, and it has seen a high of $73.35 and a low of $32.82 over the past year.
• Multiple analysts have raised their price targets for the stock, with BMO Capital Markets setting a target of $82.00 and Barclays updating their target to $81.00.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.49 by $0.08, Zacks reports. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock traded down $1.25 during midday trading on Thursday, reaching $68.52. The company's stock had a trading volume of 9,329,326 shares, compared to its average volume of 7,192,649. Interactive Brokers Group has a fifty-two week low of $32.82 and a fifty-two week high of $73.35. The stock's 50 day simple moving average is $65.21 and its 200 day simple moving average is $56.04. The firm has a market capitalization of $116.22 billion, a PE ratio of 35.23, a P/E/G ratio of 2.84 and a beta of 1.22.

Analysts Set New Price Targets

IBKR has been the topic of a number of research reports. BMO Capital Markets initiated coverage on shares of Interactive Brokers Group in a research report on Friday, October 3rd. They set an "outperform" rating and a $82.00 target price on the stock. Barclays restated an "overweight" rating and set a $81.00 target price (up from $73.00) on shares of Interactive Brokers Group in a research report on Wednesday, October 8th. Citigroup raised their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Zacks Research lowered shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $67.34.

Insider Buying and Selling

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the firm's stock in a transaction on Friday, September 26th. The stock was sold at an average price of $65.78, for a total value of $1,122,075.24. Following the completion of the sale, the chief financial officer owned 28,289 shares of the company's stock, valued at approximately $1,860,850.42. This trade represents a 37.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 1,205,683 shares of company stock valued at $77,217,965 over the last three months. 2.97% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ramsey Quantitative Systems acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth $44,000. Darwin Wealth Management LLC purchased a new stake in Interactive Brokers Group in the 2nd quarter valued at about $45,000. Smartleaf Asset Management LLC boosted its holdings in Interactive Brokers Group by 191.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,249 shares of the financial services provider's stock worth $67,000 after acquiring an additional 821 shares during the period. NewEdge Advisors LLC boosted its holdings in Interactive Brokers Group by 167.1% in the 2nd quarter. NewEdge Advisors LLC now owns 3,707 shares of the financial services provider's stock worth $205,000 after acquiring an additional 2,319 shares during the period. Finally, Voleon Capital Management LP purchased a new position in Interactive Brokers Group in the 2nd quarter worth approximately $227,000. Institutional investors and hedge funds 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.

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