1,177 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Purchased by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,177 shares of the financial services provider’s stock, valued at approximately $208,000.

Several other institutional investors also recently modified their holdings of the business. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group during the 4th quarter valued at about $25,000. Versant Capital Management Inc increased its stake in Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. UMB Bank n.a. increased its stake in Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 224 shares in the last quarter. Smithfield Trust Co increased its stake in Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 154 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Interactive Brokers Group during the 3rd quarter valued at about $49,000. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of analyst reports. 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. Piper Sandler lifted their price target on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Barclays lifted their price target on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods lifted 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, January 13th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.13.

Interactive Brokers Group Trading Up 1.0 %

IBKR opened at $190.09 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $88.22 and a 12-month high of $193.42. 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 company’s 50 day moving average is $183.60 and its 200 day moving average is $150.17.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly 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 net margin of 7.89% and a return on equity of 4.83%. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm earned $1.55 EPS. As a group, analysts predict that Interactive Brokers Group, Inc. will post 6.9 EPS for the current fiscal 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.