Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 3,850 call options on the company. This represents an increase of approximately 55% compared to the typical daily volume of 2,476 call options.
Shares of NASDAQ:IBKR traded up $14.35 during midday trading on Wednesday, reaching $207.18. The company had a trading volume of 933,191 shares, compared to its average volume of 1,224,339. Interactive Brokers Group has a 52-week low of $88.22 and a 52-week high of $209.40. The company's 50 day moving average price is $184.08 and its 200 day moving average price is $151.45. The stock has a market cap of $87.54 billion, a P/E ratio of 31.63, a P/E/G ratio of 1.38 and a beta of 0.87.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1,372,590.34 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS. Research analysts forecast that Interactive Brokers Group will post 6.99 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in IBKR. KBC Group NV boosted its position in shares of Interactive Brokers Group by 34.7% in the fourth quarter. KBC Group NV now owns 147,048 shares of the financial services provider's stock valued at $25,979,000 after acquiring an additional 37,890 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at $3,750,000. Blue Trust Inc. boosted its stake in Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after buying an additional 88 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $244,000. Finally, First Citizens Bank & Trust Co. boosted its position in Interactive Brokers Group by 19.1% during the 4th quarter. First Citizens Bank & Trust Co. now owns 2,390 shares of the financial services provider's stock valued at $422,000 after buying an additional 383 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on IBKR. Keefe, Bruyette & Woods lifted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Monday, January 13th. Barclays upped their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a report on Wednesday. The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. Piper Sandler raised their price objective on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. Finally, UBS Group boosted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Interactive Brokers Group presently has an average rating of "Moderate Buy" and an average target price of $191.00.
Check Out Our Latest Research Report on IBKR
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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