Piper Sandler Analyst Bullish On Interactive Brokers, Sees 26% Account Growth in 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 17 2024
0mins
Should l Buy IBKR?
Source: Benzinga
- Analyst's Outlook on Interactive Brokers Group: Piper Sandler analyst raised estimates for IBKR following strong second-quarter results, projecting account growth and increased EPS for FY24 and FY25.
- Price Target Updates and Ratings: Barclays increased price target for IBKR shares, while Piper analyst maintained an Overweight rating with a price target of $140; investors can access the stock through ETFs like RUFF and FOVL.
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Analyst Views on IBKR
Wall Street analysts forecast IBKR stock price to rise
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 67.070
Low
75.00
Averages
81.43
High
91.00
Current: 67.070
Low
75.00
Averages
81.43
High
91.00
About IBKR
Interactive Brokers Group, Inc. is an automated global electronic broker. The Company custodies and services accounts for hedge and mutual funds, exchange-traded funds (ETFs), registered investment advisors, proprietary trading groups, introducing brokers and individual investors. It specializes in routing orders and executing and processing trades in stocks, options, futures, foreign exchange instruments (forex), bonds, mutual funds, ETFs, precious metals, and forecast contracts on more than 160 electronic exchanges and market centers in 36 countries and 28 currencies around the world. In addition, its customers can use its trading platform to trade certain cryptocurrencies through third-party cryptocurrency service providers that execute, clear and custody the cryptocurrencies. Its trading platforms include IBKR Desktop, IBKR Trader Workstation, IBKR Mobile, IBKR Client Portal and others. Its key product offerings include IBKR Pro, IBKR Lite, and IBKR Universal Account.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Interactive Brokers Reports Strong March Performance Metrics
- Volume Growth: In March, Interactive Brokers reported a Daily Average Revenue Trades (DARTs) of 4.329 million, a 25% increase year-over-year, indicating a significant rise in client activity that strengthens its market position.
- Client Equity Increase: As of the end of March, total client equity reached $789.4 billion, up 38% from the previous year, although down 4% month-over-month, reflecting the company's success in attracting client funds.
- Client Accounts Growth: The number of client accounts rose to 4.754 million, a 31% increase year-over-year, demonstrating effective strategies in expanding its customer base and market penetration, which enhances future revenue potential.
- Stable Commission Revenue: The average commission per cleared commissionable order was $2.74, showcasing the company's competitiveness in trade execution, maintaining a stable revenue stream despite market fluctuations.
See More
Interactive Brokers Reports 25% YoY Increase in March Trading Revenue
- Trading Revenue Growth: Interactive Brokers reported a 25% year-over-year increase in March's daily average revenue trades, reaching 4.329 million, although it fell 1% month-over-month, indicating the company's resilience amid market fluctuations.
- Client Equity Increase: As of the end of March, total client equity stood at $789.4 billion, up 38% year-over-year but down 4% month-over-month, reflecting the impact of market conditions on client investments.
- Margin Loan Balances Rise: Client margin loan balances reached $86.0 billion, a 35% increase from last year but down 4% from February, suggesting a cautious approach among clients regarding borrowing.
- Client Account Growth: The total number of client accounts reached 4.754 million, representing a 31% year-over-year increase and a 2% month-over-month rise, demonstrating Interactive Brokers' success in attracting new clients.
See More
Interactive Brokers Launches Crypto Trading for EEA Investors
- Market Expansion: Interactive Brokers has launched crypto trading for individual investors in the European Economic Area through its Ireland-based unit, significantly expanding its product suite and enhancing its competitive position in a market of nearly 450 million people.
- Secure Trading Partnership: The collaboration with Zerohash ensures secure trade execution and asset custody, allowing users to seamlessly trade 11 major cryptocurrencies, including Bitcoin and Ethereum, on a single integrated platform, thereby enhancing user experience.
- Cost Efficiency Improvement: With commissions ranging from 0.12% to 0.18%, IBKR's crypto trading becomes more accessible and cost-effective, attracting more users and boosting trading activity and fee-based revenues over time.
- Platform Integration Advantage: Crypto trading is embedded across multiple key IBKR platforms, enabling clients to access digital assets through familiar tools, which improves portfolio management efficiency and transparency, helping clients better manage risk and liquidity.
See More
Women’s Participation in Stock Market Needs Improvement
- Current Investment Landscape: A JPMorgan analysis reveals that women accounted for approximately 35% of investors in 2025, unchanged from seven years prior, indicating a stagnation in women's participation in the stock market and a lack of societal encouragement for female investors.
- Impact of Income Disparity: The National Women's Law Center reports that women earn only 81 cents for every dollar earned by men, with this pay gap widening with age, which contributes to a more cautious investment approach among women and limits their market participation.
- Risk Aversion and Investment Performance: Although women's participation in the stock market is lower, they tend to outperform men on a risk-adjusted basis due to their tendency to avoid high-volatility investments, suggesting that their cautious approach may yield better long-term returns.
- Education and Network Support: Female students at Fordham University are engaging in stock analysis through the Smart Women Securities program, while social media influencers like Tori Dunlap are actively sharing financial literacy, highlighting the growing demand for investment education and community support among women.
See More
Interactive Brokers Launches Cryptocurrency Trading in Europe
- Market Expansion: Interactive Brokers has launched cryptocurrency trading in Europe, allowing eligible investors to trade 11 different cryptocurrencies, including Bitcoin and Ethereum, thereby enhancing its competitiveness in the global market.
- Platform Diversification: Users can trade crypto assets through various platforms such as Trader Workstation, IBKR Desktop, Client Portal, IBKR Mobile, and IBKR GlobalTrader, which not only enhances user experience but also broadens the customer base.
- Risk Management Enhancement: The company states that this move aims to help customers manage risk, liquidity, and capital more efficiently, reflecting its sensitivity to customer needs and adaptability to market trends.
- Stock Performance: IBKR stock has risen 56% over the past 12 months, currently trading at $64.74 per share, indicating a positive market response to its new business line.
See More
Interactive Brokers Launches Crypto Trading for EEA Clients
- Crypto Trading Launch: Interactive Brokers has announced the launch of crypto trading for eligible individual investors in the EEA, allowing clients to trade 11 popular crypto-assets like Bitcoin and Ethereum on the same platform, enhancing portfolio management convenience and flexibility.
- 24/7 Trading Convenience: Clients can trade crypto-assets 24 hours a day, 7 days a week, with a transparent pricing structure that starts at 0.12%-0.18% in commissions, eliminating hidden fees and boosting client confidence and satisfaction.
- Integrated Platform Advantage: Through a secure integration with zerohash, clients can utilize familiar trading tools and technology to manage both traditional and crypto-assets, improving efficiency in risk management and liquidity control, thereby solidifying Interactive Brokers' market position.
- Significant Market Potential: This launch not only serves approximately 450 million EEA clients but also demonstrates Interactive Brokers' capability to expand in the global market, further advancing its strategic positioning in the crypto-assets sector.
See More
Interactive Brokers Reports Strong March Performance Metrics
- Volume Growth: In March, Interactive Brokers reported a Daily Average Revenue Trades (DARTs) of 4.329 million, a 25% increase year-over-year, indicating a significant rise in client activity that strengthens its market position.
- Client Equity Increase: As of the end of March, total client equity reached $789.4 billion, up 38% from the previous year, although down 4% month-over-month, reflecting the company's success in attracting client funds.
- Client Accounts Growth: The number of client accounts rose to 4.754 million, a 31% increase year-over-year, demonstrating effective strategies in expanding its customer base and market penetration, which enhances future revenue potential.
- Stable Commission Revenue: The average commission per cleared commissionable order was $2.74, showcasing the company's competitiveness in trade execution, maintaining a stable revenue stream despite market fluctuations.
See More
Interactive Brokers Reports 25% YoY Increase in March Trading Revenue
- Trading Revenue Growth: Interactive Brokers reported a 25% year-over-year increase in March's daily average revenue trades, reaching 4.329 million, although it fell 1% month-over-month, indicating the company's resilience amid market fluctuations.
- Client Equity Increase: As of the end of March, total client equity stood at $789.4 billion, up 38% year-over-year but down 4% month-over-month, reflecting the impact of market conditions on client investments.
- Margin Loan Balances Rise: Client margin loan balances reached $86.0 billion, a 35% increase from last year but down 4% from February, suggesting a cautious approach among clients regarding borrowing.
- Client Account Growth: The total number of client accounts reached 4.754 million, representing a 31% year-over-year increase and a 2% month-over-month rise, demonstrating Interactive Brokers' success in attracting new clients.
See More
Interactive Brokers Launches Crypto Trading for EEA Investors
- Market Expansion: Interactive Brokers has launched crypto trading for individual investors in the European Economic Area through its Ireland-based unit, significantly expanding its product suite and enhancing its competitive position in a market of nearly 450 million people.
- Secure Trading Partnership: The collaboration with Zerohash ensures secure trade execution and asset custody, allowing users to seamlessly trade 11 major cryptocurrencies, including Bitcoin and Ethereum, on a single integrated platform, thereby enhancing user experience.
- Cost Efficiency Improvement: With commissions ranging from 0.12% to 0.18%, IBKR's crypto trading becomes more accessible and cost-effective, attracting more users and boosting trading activity and fee-based revenues over time.
- Platform Integration Advantage: Crypto trading is embedded across multiple key IBKR platforms, enabling clients to access digital assets through familiar tools, which improves portfolio management efficiency and transparency, helping clients better manage risk and liquidity.
See More
Women’s Participation in Stock Market Needs Improvement
- Current Investment Landscape: A JPMorgan analysis reveals that women accounted for approximately 35% of investors in 2025, unchanged from seven years prior, indicating a stagnation in women's participation in the stock market and a lack of societal encouragement for female investors.
- Impact of Income Disparity: The National Women's Law Center reports that women earn only 81 cents for every dollar earned by men, with this pay gap widening with age, which contributes to a more cautious investment approach among women and limits their market participation.
- Risk Aversion and Investment Performance: Although women's participation in the stock market is lower, they tend to outperform men on a risk-adjusted basis due to their tendency to avoid high-volatility investments, suggesting that their cautious approach may yield better long-term returns.
- Education and Network Support: Female students at Fordham University are engaging in stock analysis through the Smart Women Securities program, while social media influencers like Tori Dunlap are actively sharing financial literacy, highlighting the growing demand for investment education and community support among women.
See More
Interactive Brokers Launches Cryptocurrency Trading in Europe
- Market Expansion: Interactive Brokers has launched cryptocurrency trading in Europe, allowing eligible investors to trade 11 different cryptocurrencies, including Bitcoin and Ethereum, thereby enhancing its competitiveness in the global market.
- Platform Diversification: Users can trade crypto assets through various platforms such as Trader Workstation, IBKR Desktop, Client Portal, IBKR Mobile, and IBKR GlobalTrader, which not only enhances user experience but also broadens the customer base.
- Risk Management Enhancement: The company states that this move aims to help customers manage risk, liquidity, and capital more efficiently, reflecting its sensitivity to customer needs and adaptability to market trends.
- Stock Performance: IBKR stock has risen 56% over the past 12 months, currently trading at $64.74 per share, indicating a positive market response to its new business line.
See More
Interactive Brokers Launches Crypto Trading for EEA Clients
- Crypto Trading Launch: Interactive Brokers has announced the launch of crypto trading for eligible individual investors in the EEA, allowing clients to trade 11 popular crypto-assets like Bitcoin and Ethereum on the same platform, enhancing portfolio management convenience and flexibility.
- 24/7 Trading Convenience: Clients can trade crypto-assets 24 hours a day, 7 days a week, with a transparent pricing structure that starts at 0.12%-0.18% in commissions, eliminating hidden fees and boosting client confidence and satisfaction.
- Integrated Platform Advantage: Through a secure integration with zerohash, clients can utilize familiar trading tools and technology to manage both traditional and crypto-assets, improving efficiency in risk management and liquidity control, thereby solidifying Interactive Brokers' market position.
- Significant Market Potential: This launch not only serves approximately 450 million EEA clients but also demonstrates Interactive Brokers' capability to expand in the global market, further advancing its strategic positioning in the crypto-assets sector.
See More
