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

Caldwell Investment Management Ltd. purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 6,800 shares of the financial services provider’s stock, valued at approximately $1,215,000. Interactive Brokers Group comprises 0.8% of Caldwell Investment Management Ltd.’s portfolio, making the stock its 29th biggest position.

A number of other institutional investors have also made changes to their positions in IBKR. Aurora Investment Counsel bought a new position in Interactive Brokers Group during the 3rd quarter worth $1,693,000. Versor Investments LP bought a new position in Interactive Brokers Group during the 3rd quarter worth $474,000. Waverton Investment Management Ltd bought a new position in shares of Interactive Brokers Group in the third quarter worth $26,946,000. Geode Capital Management LLC grew its stake in shares of Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock worth $287,921,000 after purchasing an additional 106,392 shares in the last quarter. Finally, DRW Securities LLC bought a new position in shares of Interactive Brokers Group in the third quarter worth $2,977,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $186.04 on Wednesday. The firm has a market cap of $78.61 billion, a price-to-earnings ratio of 28.40, a P/E/G ratio of 1.41 and a beta of 0.87. The business’s 50-day simple moving average is $181.92 and its 200-day simple moving average is $148.79. Interactive Brokers Group, Inc. has a 52 week low of $83.86 and a 52 week high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 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 company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company posted $1.55 EPS. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on IBKR shares. Barclays upped their price objective on Interactive Brokers Group from $214.00 to $224.00 and gave the company an “overweight” rating in a report on Monday. Jefferies Financial Group increased their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Piper Sandler increased their price objective 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. Citigroup increased their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, The Goldman Sachs Group increased their price objective 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently 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.