Piper Sandler Upgrades Forecast for Interactive Brokers Group Stock

On Tuesday, Piper Sandler, a financial services firm, increased its price target for Interactive Brokers Group (NASDAQ:IBKR) from $163.00 to $200.00. This adjustment signifies a bullish outlook on the stock, as it reflects an "overweight" rating, indicating that analysts believe the stock will perform better than the market average. This new price objective suggests a potential upside of 5.22% from Interactive Brokers' previous closing price.

Analyst Ratings and Price Targets

In addition to Piper Sandler's update, other analysts have provided favorable reports on Interactive Brokers Group. For instance, Goldman Sachs raised their target price for the stock from $171.00 to $195.00, maintaining a "buy" rating in a recent note. Similarly, UBS Group adjusted their target from $155.00 to $170.00 while also issuing a "buy" recommendation.

Jefferies Financial Group also increased its price objective from $152.00 to $165.00, reaffirming a "buy" rating. Moreover, Keefe, Bruyette & Woods lifted their target price from $152.00 to $190.00 and assigned a "market perform" rating. In a further positive development, Barclays raised their price target from $165.00 to $214.00 while continuing to hold an "overweight" rating. With a mix of ratings from analysts, one holds a "hold" rating while seven analysts have issued "buy" ratings, leading to a consensus rating of "Moderate Buy" with an average price target of $177.63 according to MarketBeat.com.

Interactive Brokers Group Stock Performance

As of Tuesday, shares of Interactive Brokers opened at $190.07. The stock has seen significant movement, with a 50-day simple moving average sitting at $178.44 and a 200-day moving average at $146.45. In the past year, the company’s stock reached a low of $83.86 and a high of $193.42, showcasing its volatility and potential for growth. Currently, Interactive Brokers Group has a market capitalization of $80.31 billion and a price-to-earnings (P/E) ratio of 29.02, indicative of how investors view the stock relative to its earnings.

In its last earnings report on October 15, Interactive Brokers posted earnings per share (EPS) of $1.75, falling short of the consensus estimate of $1.78 by $0.03. Despite this, the company reported a revenue of $2.45 billion, which surpassed expectations of $1.32 billion. Year-over-year, the company saw a rise in EPS from $1.55 in the same quarter last year. Looking ahead, analysts project that Interactive Brokers will achieve an EPS of 6.82 for the current fiscal year.

Institutional Trading Insights

Recent trading activity shows a trend of institutional investors acquiring shares in Interactive Brokers. For instance, Versant Capital Management saw a 66.4% increase in their holdings during the fourth quarter, now possessing 178 shares worth $31,000 after acquiring additional shares. Other institutions, such as Fairfield Financial Advisors, have also established new positions with notable investments.

UMB Bank n.a. increased its stake by 350.0%, and Smithfield Trust Co raised their shares by 80.6%. Overall, approximately 23.80% of Interactive Brokers Group stock is held by hedge funds and institutional investors, indicating strong institutional interest.

About Interactive Brokers Group

Interactive Brokers Group, Inc. operates as a global automated electronic broker. The company is involved in executing, clearing, and settling trades across various financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds (ETFs), precious metals, and cryptocurrencies.

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