Premier Path Wealth Partners LLC Buys Shares of 1,335 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Premier Path Wealth Partners LLC purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,335 shares of the financial services provider’s stock, valued at approximately $236,000.

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

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $190.09 on Monday. Interactive Brokers Group, Inc. has a one year low of $88.22 and a one year high of $193.42. The business has a fifty day moving average price of $183.60 and a 200-day moving average price of $150.51. The firm has a market capitalization 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.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on IBKR shares. The Goldman Sachs Group upped their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised 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, January 13th. UBS Group boosted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Piper Sandler raised their target price on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, Barclays boosted their target price on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group presently has a consensus 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.