Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Mendota Financial Group LLC

Mendota Financial Group LLC lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 46.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 311 shares of the financial services provider’s stock after selling 270 shares during the period. Mendota Financial Group LLC’s holdings in Interactive Brokers Group were worth $55,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Friedenthal Financial acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $775,000. Cooper Financial Group lifted its holdings in Interactive Brokers Group by 6.9% in the 4th quarter. Cooper Financial Group now owns 1,808 shares of the financial services provider’s stock valued at $319,000 after purchasing an additional 116 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $237,000. Fortitude Family Office LLC grew its holdings in shares of Interactive Brokers Group by 105.7% during the fourth quarter. Fortitude Family Office LLC now owns 288 shares of the financial services provider’s stock worth $51,000 after buying an additional 148 shares in the last quarter. Finally, Fulton Bank N.A. raised its position in shares of Interactive Brokers Group by 6.1% in the fourth quarter. Fulton Bank N.A. now owns 3,319 shares of the financial services provider’s stock valued at $586,000 after buying an additional 190 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IBKR has been the subject of several recent analyst reports. Citigroup lifted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group raised their price target 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. UBS Group increased their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. The Goldman Sachs Group boosted their target price 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. Finally, Keefe, Bruyette & Woods increased their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.13.

Interactive Brokers Group Trading Down 1.1 %

Shares of Interactive Brokers Group stock opened at $183.26 on Tuesday. The company has a fifty day moving average price of $181.92 and a 200 day moving average price of $148.79. Interactive Brokers Group, Inc. has a twelve month low of $83.86 and a twelve month high of $193.42. The stock has a market cap of $77.43 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter in the prior year, the company earned $1.55 EPS. Analysts forecast that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group 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.