Interactive Brokers Group (NASDAQ:IBKR) Given New $60.00 Price Target at Citigroup

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) had its price target lifted by equities researchers at Citigroup from $53.75 to $60.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the financial services provider's stock. Citigroup's price target would suggest a potential upside of 3.84% from the company's current price.

A number of other equities research analysts have also issued reports on the company. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Barclays boosted their target price on Interactive Brokers Group from $47.00 to $48.25 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. 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 research note on Wednesday, April 16th. Finally, Piper Sandler reduced their price target on 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $54.16.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock traded down $0.20 during midday trading on Monday, reaching $57.78. The stock had a trading volume of 4,165,291 shares, compared to its average volume of 5,807,966. The firm's fifty day simple moving average is $51.20 and its 200-day simple moving average is $48.51. Interactive Brokers Group has a 1-year low of $25.92 and a 1-year high of $59.13. The stock has a market capitalization of $97.68 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 3.14 and a beta of 1.25.

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

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd boosted its stake in shares of 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 in the last quarter. Compound Planning Inc. lifted its position in shares of 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 purchasing an additional 62 shares during the period. CWM LLC lifted its position in shares of Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock worth $176,000 after purchasing an additional 66 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Interactive Brokers Group by 0.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock valued at $1,410,000 after acquiring an additional 70 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Interactive Brokers Group by 2.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider's stock valued at $502,000 after acquiring an additional 73 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.