Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Purchased by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,696 shares of the financial services provider’s stock after acquiring an additional 113 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Interactive Brokers Group were worth $1,360,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group during the fourth quarter worth about $25,000. Versant Capital Management Inc raised its stake in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in Interactive Brokers Group by 100.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. grew its position in shares of Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 224 shares in the last quarter. Finally, Smithfield Trust Co increased its holdings in shares of Interactive Brokers Group by 80.6% in the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 1.0 %

Shares of NASDAQ:IBKR opened at $190.09 on Tuesday. The firm’s 50 day moving average is $183.81 and its two-hundred day moving average is $150.96. The firm has a market capitalization of $80.32 billion, a P/E ratio of 29.02, a PEG ratio of 1.38 and a beta of 0.87. Interactive Brokers Group, Inc. has a 52 week low of $88.22 and a 52 week high of $193.42.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Citigroup raised their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Barclays boosted their price objective on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. UBS Group raised their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Piper Sandler upped their target price on Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average 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.