Arkadios Wealth Advisors Has $1.09 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Arkadios Wealth Advisors lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,169 shares of the financial services provider’s stock after selling 114 shares during the quarter. Arkadios Wealth Advisors’ holdings in Interactive Brokers Group were worth $1,090,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IBKR. Contravisory Investment Management Inc. acquired a new position in Interactive Brokers Group in the fourth quarter worth about $25,000. Versant Capital Management Inc grew its stake in shares of Interactive Brokers Group by 66.4% in 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 during the period. UMB Bank n.a. raised its holdings in shares of Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after buying an additional 224 shares in the last quarter. Fortitude Family Office LLC lifted its position in shares of Interactive Brokers Group by 105.7% during the 4th 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 during the period. Finally, Smithfield Trust Co boosted its stake in Interactive Brokers Group by 80.6% in the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after buying an additional 154 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $190.09 on Monday. The company has a market cap 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. The stock’s fifty day moving average price is $183.60 and its two-hundred day moving average price is $150.51. Interactive Brokers Group, Inc. has a 52-week low of $88.22 and a 52-week high of $193.42.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IBKR. UBS Group increased 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 lifted their price target on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the company an “overweight” rating in a report on Monday, January 13th. The Goldman Sachs Group upped their price objective 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. Jefferies Financial Group lifted their target price 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. Finally, Citigroup increased their price target 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.13.

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.