2,201 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Purchased by USA Financial Formulas

USA Financial Formulas bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,201 shares of the financial services provider’s stock, valued at approximately $389,000.

A number of other large investors also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in shares of Interactive Brokers Group by 1.0% during the second quarter. American Century Companies Inc. now owns 95,230 shares of the financial services provider’s stock worth $11,675,000 after purchasing an additional 983 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Interactive Brokers Group by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 301,688 shares of the financial services provider’s stock worth $36,988,000 after buying an additional 27,621 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth about $1,915,000. Mercer Global Advisors Inc. ADV grew its position in shares of Interactive Brokers Group by 5.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,327 shares of the financial services provider’s stock worth $776,000 after buying an additional 323 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Interactive Brokers Group by 2.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,704 shares of the financial services provider’s stock valued at $1,434,000 after acquiring an additional 326 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IBKR. The Goldman Sachs Group lifted 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. Keefe, Bruyette & Woods boosted their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday. Jefferies Financial Group raised 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. Barclays boosted their target price on Interactive Brokers Group from $214.00 to $224.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Piper Sandler raised their price target on Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $185.85 on Thursday. The stock has a market capitalization of $78.53 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.35 and a beta of 0.87. The company’s 50-day moving average price is $182.48 and its two-hundred day moving average price is $149.21. Interactive Brokers Group, Inc. has a one year low of $83.86 and a one year high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same period last year, the company posted $1.55 earnings per share. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current fiscal 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.