8,574 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Purchased by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,574 shares of the financial services provider’s stock, valued at approximately $1,515,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Park Avenue Securities LLC raised its stake in shares of Interactive Brokers Group by 46.0% during the 4th quarter. Park Avenue Securities LLC now owns 2,146 shares of the financial services provider’s stock worth $379,000 after buying an additional 676 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Interactive Brokers Group by 97.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 215,568 shares of the financial services provider’s stock worth $38,084,000 after acquiring an additional 106,618 shares during the period. Friedenthal Financial purchased a new position in Interactive Brokers Group in the fourth quarter worth $775,000. Cooper Financial Group lifted its holdings in Interactive Brokers Group by 6.9% in the fourth quarter. Cooper Financial Group now owns 1,808 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 116 shares during the period. Finally, Wedmont Private Capital purchased a new stake in shares of Interactive Brokers Group during the 4th quarter worth $237,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group raised their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group boosted their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Citigroup upped their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Piper Sandler lifted their price objective on Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, Barclays boosted their target price on Interactive Brokers Group from $214.00 to $224.00 and gave the stock an “overweight” rating in a research report on Monday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $182.64 on Wednesday. The company has a 50-day simple moving average of $181.92 and a 200-day simple moving average of $148.79. The company has a market cap of $77.17 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. Interactive Brokers Group, Inc. has a 12 month low of $83.86 and a 12 month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business posted $1.55 earnings per share. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

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.