Interactive Brokers Group (NASDAQ:IBKR) Releases Earnings Results

Interactive Brokers Group (NASDAQ:IBKR) posted its earnings results on Tuesday. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03), Yahoo Finance reports. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company earned $1.55 earnings per share.

Interactive Brokers Group Stock Down 4.0 %

NASDAQ IBKR opened at $146.78 on Thursday. The business’s fifty day simple moving average is $131.45 and its 200-day simple moving average is $123.90. The firm has a market cap of $61.81 billion, a PE ratio of 25.09, a P/E/G ratio of 1.34 and a beta of 0.80. Interactive Brokers Group has a 52 week low of $72.60 and a 52 week high of $154.75.

Analysts Set New Price Targets

IBKR has been the topic of several research analyst reports. UBS Group raised their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group lifted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their target price for the company from $128.00 to $135.00 in a report on Thursday, July 11th. Barclays lowered their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Piper Sandler reissued an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.00.

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.