Caldwell Investment Management Ltd. Makes New $1.22 Million Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Caldwell Investment Management Ltd. purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, HoldingsChannel reports. The firm purchased 6,800 shares of the financial services provider’s stock, valued at approximately $1,215,000. Interactive Brokers Group makes up 0.8% of Caldwell Investment Management Ltd.’s investment portfolio, making the stock its 29th largest holding.

Several other institutional investors also recently added to or reduced their stakes in IBKR. Millennium Management LLC increased its position in shares of Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after purchasing an additional 1,004,289 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Interactive Brokers Group during the third quarter valued at approximately $83,630,000. Marshall Wace LLP increased its position in shares of Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after purchasing an additional 481,826 shares during the period. Waverton Investment Management Ltd bought a new stake in shares of Interactive Brokers Group during the third quarter valued at approximately $26,946,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after purchasing an additional 187,010 shares during the period. 23.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IBKR has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday. The Goldman Sachs Group boosted their price target 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. Jefferies Financial Group boosted their price target 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. UBS Group boosted their price target 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. Finally, Citigroup boosted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $190.13.

Interactive Brokers Group Trading Up 1.9 %

NASDAQ IBKR opened at $186.04 on Wednesday. The stock has a 50-day simple moving average of $181.92 and a 200 day simple moving average of $148.79. The company has a market capitalization of $78.61 billion, a PE ratio of 28.40, a P/E/G ratio of 1.41 and a beta of 0.87. Interactive Brokers Group, Inc. has a 12 month low of $83.86 and a 12 month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $1.55 earnings per share. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

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.