Thrive Wealth Management LLC Trims Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Thrive Wealth Management LLC trimmed its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,223 shares of the financial services provider’s stock after selling 97 shares during the quarter. Thrive Wealth Management LLC’s holdings in Interactive Brokers Group were worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of IBKR. Brady Martz Wealth Solutions LLC bought a new stake in Interactive Brokers Group in the fourth quarter worth $327,000. Hanseatic Management Services Inc. grew its position in Interactive Brokers Group by 1.3% during the 4th quarter. Hanseatic Management Services Inc. now owns 7,313 shares of the financial services provider’s stock valued at $1,292,000 after purchasing an additional 97 shares during the last quarter. HB Wealth Management LLC bought a new stake in Interactive Brokers Group during the 4th quarter valued at about $332,000. Premier Path Wealth Partners LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth approximately $236,000. Finally, Chemistry Wealth Management LLC purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $208,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on IBKR shares. The Goldman Sachs Group boosted their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Jefferies Financial Group boosted their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Barclays lifted their price target on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. UBS Group increased their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. One investment 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $190.13.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $190.09 on Monday. Interactive Brokers Group, Inc. has a 1 year low of $88.22 and a 1 year high of $193.42. The firm has a fifty day moving average price of $183.60 and a 200-day moving average price of $150.51. The company has a market cap of $80.32 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 1.35 and a beta of 0.87.

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.