Premier Path Wealth Partners LLC Purchases Shares of 1,335 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Premier Path Wealth Partners LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,335 shares of the financial services provider's stock, valued at approximately $236,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chemistry Wealth Management LLC bought a new stake in Interactive Brokers Group during the fourth quarter valued at $208,000. Everpar Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 3.8% in the 4th quarter. Everpar Advisors LLC now owns 5,295 shares of the financial services provider's stock valued at $935,000 after buying an additional 192 shares during the period. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $25,000. USA Financial Formulas acquired a new stake in Interactive Brokers Group during the fourth quarter worth about $389,000. Finally, Caldwell Investment Management Ltd. bought a new position in Interactive Brokers Group in the fourth quarter worth about $1,215,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IBKR shares. Keefe, Bruyette & Woods upped their target price 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. Jefferies Financial Group upped 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. 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 report on Friday, January 10th. UBS Group boosted their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Finally, Barclays increased their price objective on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $190.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR traded up $1.93 during midday trading on Monday, reaching $190.09. 1,258,144 shares of the company traded hands, compared to its average volume of 858,162. The company has a market cap of $80.32 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 1.35 and a beta of 0.87. The stock has a 50-day moving average price of $183.81 and a 200 day moving average price of $150.96. Interactive Brokers Group, Inc. has a 52 week low of $88.22 and a 52 week high of $193.42.

Interactive Brokers Group Company Profile

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.