Brady Martz Wealth Solutions LLC Takes $327,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Brady Martz Wealth Solutions LLC purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,791 shares of the financial services provider’s stock, valued at approximately $327,000.

A number of other hedge funds have also recently added to or reduced their stakes in IBKR. American Century Companies Inc. raised its stake in shares of Interactive Brokers Group by 1.0% during the 2nd quarter. American Century Companies Inc. now owns 95,230 shares of the financial services provider’s stock worth $11,675,000 after buying an additional 983 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Interactive Brokers Group by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 301,688 shares of the financial services provider’s stock worth $36,988,000 after acquiring an additional 27,621 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Interactive Brokers Group by 5.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,327 shares of the financial services provider’s stock valued at $776,000 after acquiring an additional 323 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Interactive Brokers Group by 2.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,704 shares of the financial services provider’s stock worth $1,434,000 after purchasing an additional 326 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth $246,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 1.0 %

NASDAQ IBKR opened at $190.09 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $88.22 and a fifty-two week high of $193.42. The business has a fifty day moving average of $183.60 and a 200-day moving average of $150.33. The stock has a market cap of $80.32 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.35 and a beta of 0.87.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IBKR. The Goldman Sachs Group boosted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods upped their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Citigroup boosted their target price 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. Finally, Barclays raised their price target on Interactive Brokers Group from $214.00 to $224.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.13.

About Interactive Brokers Group

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.