Piper Sandler Issues Positive Forecast for Interactive Brokers Group (NASDAQ: IBKR) Stock Price

Investment analysts at Piper Sandler recently updated their price target for shares of Interactive Brokers Group (NASDAQ: IBKR) from $163.00 to $200.00 in a report released on Tuesday. This update positions the stock with an "overweight" rating, indicating strong expected performance relative to other stocks in the sector. The increased price target suggests that the stock has the potential to rise by approximately 5.22% from its most recent closing price.

Other analysts have also weighed in on Interactive Brokers Group recently. For example, the Goldman Sachs Group raised their price target from $171.00 to $195.00, reaffirming their "buy" rating in a December 3rd research note. Meanwhile, UBS Group increased its target price from $155.00 to $170.00, also issuing a "buy" rating on October 8th. Additionally, Jefferies Financial Group lifted their projection from $152.00 to $165.00, maintaining a "buy" rating, while Keefe, Bruyette & Woods raised their target from $152.00 to $190.00, assigning a "market perform" rating. Barclays pushed their target price even higher, from $165.00 to $214.00, reaffirming an "overweight" rating on December 9th.

Currently, one analyst has maintained a hold rating on the stock, whereas seven others have provided buy ratings, indicating a generally favorable outlook. According to MarketBeat, the consensus rating for Interactive Brokers Group is a "Moderate Buy," with an average price target of $177.63.

Interactive Brokers Group Price Performance

As of Tuesday, shares of Interactive Brokers opened at $190.07. The stock's 50-day simple moving average stands at $178.44, with a 200-day average of $146.45. Over the past year, the stock has seen a low of $83.86 and a high of $193.42. Currently, Interactive Brokers has a market capitalization of $80.31 billion, a price-to-earnings (PE) ratio of 29.02, a price-to-earnings growth (P/E/G) ratio of 1.41, and a beta of 0.87.

For its most recent earnings report dated October 15th, Interactive Brokers Group announced earnings per share (EPS) of $1.75, which fell short of the consensus estimate of $1.78 by $0.03. The company recorded a net margin of 7.89% and a return on equity of 4.83%, with revenue reaching $2.45 billion compared to expectations of $1.32 billion. Last year during the same quarter, the firm posted an EPS of $1.55. Analysts are predicting that Interactive Brokers will report $6.82 in EPS for the current fiscal year.

Institutional Trading of Interactive Brokers Group

Recent trading activity shows a growing interest from institutional investors in Interactive Brokers Group. Versant Capital Management Inc has increased its holdings in the company by 66.4% in the last quarter and now owns 178 shares valued at $31,000. Fairfield Financial Advisors LTD also entered the picture by acquiring a new position valued at approximately $32,000 during the second quarter. UMB Bank n.a. has made a significant increase in their stake by 350.0%, bringing their total to 288 shares now valued at $40,000. Similarly, Smithfield Trust Co raised its stake by 80.6%, owning 345 shares now worth $48,000. Finally, Darwin Wealth Management LLC acquired a new position valued around $49,000 during the same quarter, and overall, hedge funds and institutional investors presently hold 23.80% of the stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker globally, engaging in trade execution, clearance, and settlement across a variety of financial instruments including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds (ETFs), precious metals, and even cryptocurrencies.

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