Interactive Brokers Group (NASDAQ:IBKR) Hits New 52-Week High – Here’s What Happened

Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $194.87 and last traded at $192.34, with a volume of 170508 shares traded. The stock had previously closed at $190.09.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on IBKR shares. Barclays upped their price objective on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Keefe, Bruyette & Woods lifted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Jefferies Financial Group upped their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Piper Sandler upped their price target on shares of 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, UBS Group upped their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $190.13.

Interactive Brokers Group Stock Performance

The company’s 50-day moving average price is $183.81 and its 200 day moving average price is $150.96. The stock has a market capitalization of $80.91 billion, a PE ratio of 29.27, a PEG ratio of 1.38 and a beta of 0.87.

Institutional Trading of Interactive Brokers Group

Several large investors have recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group during the fourth quarter valued at $25,000. Versant Capital Management Inc raised its position in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in Interactive Brokers Group by 100.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after buying an additional 224 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its position in shares of Interactive Brokers Group by 105.7% during the 4th quarter. Fortitude Family Office LLC now owns 288 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 148 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Company 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.