Brady Martz Wealth Solutions LLC bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,791 shares of the financial services provider's stock, valued at approximately $327,000.
Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Interactive Brokers Group by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider's stock worth $559,821,000 after acquiring an additional 11,379 shares during the last quarter. State Street Corp boosted its stake in Interactive Brokers Group by 1.7% in the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider's stock worth $449,037,000 after purchasing an additional 52,911 shares in the last quarter. Marshall Wace LLP grew its position in Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider's stock worth $307,365,000 after purchasing an additional 481,826 shares during the last quarter. Geode Capital Management LLC increased its stake in Interactive Brokers Group by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider's stock valued at $287,921,000 after purchasing an additional 106,392 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Interactive Brokers Group by 12.2% in the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider's stock worth $152,543,000 after buying an additional 119,187 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective 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. Citigroup increased their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a report on Friday, January 10th. UBS Group raised their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Barclays upped their target price on Interactive Brokers Group from $214.00 to $224.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Finally, Jefferies Financial Group lifted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $190.13.
Check Out Our Latest Analysis on Interactive Brokers Group
Interactive Brokers Group Price Performance
NASDAQ IBKR traded up $1.93 during trading hours on Monday, reaching $190.09. The company's stock had a trading volume of 1,258,144 shares, compared to its average volume of 858,162. Interactive Brokers Group, Inc. has a 1-year low of $88.22 and a 1-year high of $193.42. The company's 50-day moving average is $183.60 and its two-hundred day moving average is $150.51. The firm has a market capitalization of $80.32 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 1.35 and a beta of 0.87.
Interactive Brokers Group Profile
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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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