Premier Path Wealth Partners LLC Invests $236,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Premier Path Wealth Partners LLC purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,335 shares of the financial services provider’s stock, valued at approximately $236,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in shares of Interactive Brokers Group by 1,292.1% in the 2nd 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 last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in Interactive Brokers Group during the third quarter worth $83,630,000. Marshall Wace LLP increased its position in 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 acquiring an additional 481,826 shares during the last quarter. Waverton Investment Management Ltd purchased a new stake in shares of Interactive Brokers Group in the third quarter valued at $26,946,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Interactive Brokers Group by 262.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after acquiring an additional 187,010 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $190.09 on Monday. The company has a 50 day moving average price of $183.60 and a 200-day moving average price of $150.51. Interactive Brokers Group, Inc. has a fifty-two week low of $88.22 and a fifty-two week high of $193.42. The stock has a market capitalization of $80.32 billion, a PE ratio of 29.02, a PEG ratio of 1.35 and a beta of 0.87.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on IBKR shares. UBS Group increased their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Citigroup increased their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler increased their target price on Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Finally, 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average 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.