Hennion & Walsh Asset Management Inc. Reduces Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Hennion & Walsh Asset Management Inc. reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 41.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,516 shares of the financial services provider’s stock after selling 1,801 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Interactive Brokers Group were worth $445,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of Interactive Brokers Group by 1,292.1% in the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after buying an additional 1,004,289 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Interactive Brokers Group in the 3rd quarter valued at $83,630,000. Marshall Wace LLP raised its stake in Interactive Brokers Group by 23.8% in the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after acquiring an additional 481,826 shares during the last quarter. Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group during the 3rd quarter worth about $26,946,000. Finally, Allspring Global Investments Holdings LLC grew its stake 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 purchasing an additional 187,010 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBKR has been the subject of several research analyst reports. Piper Sandler raised 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. 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. Barclays lifted their price objective on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Citigroup increased their price objective on shares of 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, Keefe, Bruyette & Woods boosted their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.13.

Interactive Brokers Group Trading Up 1.0 %

NASDAQ IBKR opened at $190.09 on Tuesday. The stock has a market capitalization of $80.32 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 1.35 and a beta of 0.87. The stock has a 50-day moving average of $183.81 and a 200 day moving average of $150.96. Interactive Brokers Group, Inc. has a twelve month low of $88.22 and a twelve month high of $193.42.

Interactive Brokers Group 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.