Chemistry Wealth Management LLC Invests $208,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Chemistry Wealth Management LLC acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,177 shares of the financial services provider’s stock, valued at approximately $208,000.

A number of other hedge funds have also recently made changes to their positions in IBKR. Millennium Management LLC lifted its holdings 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 worth $132,655,000 after acquiring an additional 1,004,289 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in Interactive Brokers Group during the 3rd quarter valued at $83,630,000. Marshall Wace LLP raised its holdings in Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after buying an additional 481,826 shares during the last quarter. Waverton Investment Management Ltd bought a new stake in Interactive Brokers Group during the 3rd quarter valued at $26,946,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Interactive Brokers Group by 262.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after buying an additional 187,010 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Trading Up 1.0 %

Shares of Interactive Brokers Group stock opened at $190.09 on Friday. The company’s fifty day simple moving average is $183.60 and its two-hundred day simple moving average is $150.17. The company has a market cap of $80.32 billion, a P/E ratio of 29.02, a PEG ratio of 1.35 and a beta of 0.87. Interactive Brokers Group, Inc. has a 12-month low of $88.22 and a 12-month high of $193.42.

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 the consensus estimate of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter in the previous year, the business earned $1.55 earnings per share. Analysts predict that Interactive Brokers Group, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on IBKR shares. UBS Group upped their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. The Goldman Sachs Group upped their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Citigroup upped their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Keefe, Bruyette & Woods upped their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Finally, Jefferies Financial Group boosted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus 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.