Richard P Slaughter Associates Inc Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Richard P Slaughter Associates Inc acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, Holdings Channel reports. The firm acquired 8,574 shares of the financial services provider’s stock, valued at approximately $1,515,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IBKR. American Century Companies Inc. increased its holdings in shares of Interactive Brokers Group by 1.0% in the 2nd 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 during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 valued at $36,988,000 after buying an additional 27,621 shares during the last quarter. Virtu Financial LLC bought a new stake in Interactive Brokers Group during the 2nd quarter valued at $1,915,000. Mercer Global Advisors Inc. ADV raised its stake in shares of Interactive Brokers Group by 5.4% during 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 purchasing an additional 323 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted 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 worth $1,434,000 after acquiring an additional 326 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Trading Down 0.3 %

NASDAQ:IBKR opened at $182.64 on Wednesday. The stock has a market capitalization of $77.17 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. Interactive Brokers Group, Inc. has a 1 year low of $83.86 and a 1 year high of $193.42. The firm has a 50 day moving average of $181.92 and a 200-day moving average of $148.79.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the business posted $1.55 earnings per share. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IBKR. UBS Group raised their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group boosted 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. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Citigroup upped their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods upped their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group presently has an average 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.