Heritage Family Offices LLP Sells 347 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Heritage Family Offices LLP lowered its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,067 shares of the financial services provider’s stock after selling 347 shares during the quarter. Heritage Family Offices LLP’s holdings in Interactive Brokers Group were worth $542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. increased its holdings in 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 buying an additional 983 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 worth $36,988,000 after purchasing an additional 27,621 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Interactive Brokers Group in the 2nd quarter valued at about $1,915,000. Mercer Global Advisors Inc. ADV grew its holdings in 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 worth $776,000 after purchasing an additional 323 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Interactive Brokers Group by 2.9% during 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 purchasing an additional 326 shares during the period. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $185.85 on Thursday. Interactive Brokers Group, Inc. has a 52-week low of $83.86 and a 52-week high of $193.42. The stock has a market cap of $78.53 billion, a PE ratio of 28.37, a PEG ratio of 1.35 and a beta of 0.87. The firm has a 50-day moving average of $182.76 and a 200-day moving average of $149.47.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm earned $1.55 EPS. Equities research analysts predict that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IBKR. Barclays upped their price objective on Interactive Brokers Group from $214.00 to $224.00 and gave the company an “overweight” rating in a research note on Monday. 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 report on Tuesday, December 3rd. UBS Group upped 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. Jefferies Financial Group raised their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Piper Sandler upped their price target on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.