Left Brain Wealth Management LLC Has $3.37 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Left Brain Wealth Management LLC raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 1,227.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,344 shares of the financial services provider's stock after acquiring an additional 18,811 shares during the period. Interactive Brokers Group comprises about 1.5% of Left Brain Wealth Management LLC's investment portfolio, making the stock its 28th largest holding. Left Brain Wealth Management LLC's holdings in Interactive Brokers Group were worth $3,369,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of IBKR. Bank of America Corp DE raised its stake in shares of Interactive Brokers Group by 91.4% in the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock valued at $413,226,000 after purchasing an additional 1,117,186 shares during the period. Geode Capital Management LLC grew its holdings in shares of Interactive Brokers Group by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider's stock worth $399,205,000 after buying an additional 193,497 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Interactive Brokers Group by 8,249.3% during the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock worth $263,950,000 after buying an additional 1,476,135 shares in the last quarter. Norges Bank acquired a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $229,316,000. Finally, FMR LLC lifted its stake in Interactive Brokers Group by 17.1% in the 4th quarter. FMR LLC now owns 1,281,882 shares of the financial services provider's stock valued at $226,470,000 after acquiring an additional 187,284 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday. Barclays restated an "overweight" rating and set a $65.00 target price on shares of Interactive Brokers Group in a report on Thursday, July 10th. The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Citigroup increased their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.38.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock traded down $0.18 during midday trading on Wednesday, reaching $59.45. 5,977,651 shares of the company's stock were exchanged, compared to its average volume of 5,823,606. The stock's 50-day simple moving average is $53.22 and its 200 day simple moving average is $49.13. The firm has a market cap of $100.50 billion, a price-to-earnings ratio of 32.18, a P/E/G ratio of 2.75 and a beta of 1.25. Interactive Brokers Group, Inc. has a 52 week low of $25.92 and a 52 week high of $60.35.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Tuesday, April 15th. The financial services provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 4.97% and a net margin of 9.53%. Research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

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.