Interactive Brokers Group (NASDAQ:IBKR) Announces Earnings Results

by · The Cerbat Gem

Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) released its earnings results on Tuesday. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22, Briefing.com reports. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1,372,590.34 billion. During the same quarter last year, the business earned $1.52 EPS. The firm’s revenue was up 21.8% compared to the same quarter last year.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR traded up $2.74 during trading on Tuesday, hitting $192.83. 1,945,265 shares of the company were exchanged, compared to its average volume of 1,255,331. Interactive Brokers Group has a 12-month low of $88.22 and a 12-month high of $194.87. The stock has a market capitalization of $81.47 billion, a P/E ratio of 29.44, a PEG ratio of 1.38 and a beta of 0.87. The firm’s 50 day moving average price is $183.81 and its 200-day moving average price is $150.96.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Citigroup increased their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Jefferies Financial Group increased their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. The Goldman Sachs Group upped their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, Barclays upped their price objective on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the company an “overweight” rating in a report on Monday, January 13th. 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $190.13.

View Our Latest Research Report on IBKR

About Interactive Brokers Group

(Get Free Report)

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.

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