Interactive Brokers Group (NASDAQ:IBKR) Sees Large Volume Increase

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) saw an uptick in trading volume on Wednesday . 374,288 shares changed hands during trading, a decline of 68% from the previous session’s volume of 1,164,074 shares.The stock last traded at $111.91 and had previously closed at $107.39.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IBKR shares. Piper Sandler boosted their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. The Goldman Sachs Group upgraded Interactive Brokers Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $88.00 to $102.00 in a research report on Tuesday, January 9th. Citigroup lifted their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. UBS Group dropped their price target on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research note on Tuesday, January 9th. Finally, Barclays raised their price objective on shares of Interactive Brokers Group from $117.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $118.13.

Interactive Brokers Group Stock Performance

The business has a fifty day moving average of $107.89 and a 200-day moving average of $92.43. The company has a market capitalization of $47.46 billion, a P/E ratio of 18.97, a PEG ratio of 1.24 and a beta of 0.83.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 6.36 EPS for the current year.

Insider Activity at Interactive Brokers Group

In other news, insider Thomas Aj Frank sold 12,917 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $88.68, for a total value of $1,145,479.56. Following the completion of the sale, the insider now directly owns 497,368 shares of the company’s stock, valued at $44,106,594.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Vice Chairman Earl H. Nemser sold 25,782 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the transaction, the insider now directly owns 208,770 shares of the company’s stock, valued at $19,981,376.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Aj Frank sold 12,917 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $88.68, for a total transaction of $1,145,479.56. Following the completion of the sale, the insider now owns 497,368 shares of the company’s stock, valued at approximately $44,106,594.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 441,800 shares of company stock valued at $41,540,615. 3.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Interactive Brokers Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rise Advisors LLC bought a new stake in Interactive Brokers Group during the first quarter worth $30,000. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth $25,000. Rakuten Securities Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth $34,000. Headlands Technologies LLC purchased a new position in shares of Interactive Brokers Group in the 3rd quarter worth about $40,000. Finally, Principal Securities Inc. bought a new position in Interactive Brokers Group during the fourth quarter valued at about $40,000. 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.