Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Mendota Financial Group LLC

Mendota Financial Group LLC trimmed its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 46.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 311 shares of the financial services provider’s stock after selling 270 shares during the period. Mendota Financial Group LLC’s holdings in Interactive Brokers Group were worth $55,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Versant Capital Management Inc raised its holdings in Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new stake in shares of Interactive Brokers Group in the 2nd quarter valued at about $32,000. UMB Bank n.a. lifted its position in shares of Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 224 shares during the last quarter. Fortitude Family Office LLC grew its stake in Interactive Brokers Group by 105.7% in the fourth quarter. Fortitude Family Office LLC now owns 288 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 148 shares in the last quarter. Finally, Smithfield Trust Co increased its holdings in Interactive Brokers Group by 80.6% in the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after buying an additional 154 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IBKR. Barclays boosted their price target on Interactive Brokers Group from $214.00 to $224.00 and gave the company an “overweight” rating in a report on Monday. The Goldman Sachs Group raised their price target 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 boosted 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. Piper Sandler lifted their target price on Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods increased their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $190.13.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $183.26 on Tuesday. Interactive Brokers Group, Inc. has a 1-year low of $83.86 and a 1-year high of $193.42. The company has a market capitalization of $77.43 billion, a P/E ratio of 27.98, a PEG ratio of 1.41 and a beta of 0.87. The business’s fifty day moving average price is $181.92 and its two-hundred day moving average price is $148.79.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results 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 firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business posted $1.55 earnings per share. On average, research analysts expect 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.