Citigroup Forecasts Strong Price Appreciation for Interactive Brokers Group (NASDAQ:IBKR) Stock

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) had its target price increased by analysts at Citigroup from $53.75 to $60.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the financial services provider's stock. Citigroup's price objective points to a potential upside of 1.83% from the company's current price.

Several other equities analysts have also issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Piper Sandler cut their target price on Interactive Brokers Group from $52.50 to $48.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Bank of America reduced their price target on Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a report on Wednesday, April 16th. Barclays upped their price target on shares of Interactive Brokers Group from $47.00 to $48.25 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. Finally, 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average price target of $56.25.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR traded up $1.08 during mid-day trading on Monday, hitting $58.92. 3,706,160 shares of the stock traded hands, compared to its average volume of 5,832,670. The company has a market cap of $99.60 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 3.04 and a beta of 1.25. The stock has a fifty day moving average price of $52.07 and a 200-day moving average price of $48.73. Interactive Brokers Group has a 52 week low of $25.92 and a 52 week high of $59.17.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced 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). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. As a group, sell-side analysts predict that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd raised its stake in shares of Interactive Brokers Group by 39.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock worth $33,000 after buying an additional 53 shares during the period. Compound Planning Inc. increased its holdings in Interactive Brokers Group by 1.1% in the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock worth $958,000 after acquiring an additional 62 shares in the last quarter. CWM LLC raised its stake in Interactive Brokers Group by 6.6% during the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock worth $176,000 after acquiring an additional 66 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Interactive Brokers Group by 0.8% during the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock valued at $1,410,000 after purchasing an additional 70 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Interactive Brokers Group by 2.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider's stock valued at $502,000 after purchasing an additional 73 shares in the last quarter. 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.