Thrive Wealth Management LLC Lowers Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Thrive Wealth Management LLC lowered its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,223 shares of the financial services provider’s stock after selling 97 shares during the period. Thrive Wealth Management LLC’s holdings in Interactive Brokers Group were worth $393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. purchased a new stake in Interactive Brokers Group in the 4th quarter worth $25,000. Versant Capital Management Inc lifted its position in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after buying an additional 71 shares in the last quarter. UMB Bank n.a. boosted its stake in Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after buying an additional 224 shares during the last quarter. Smithfield Trust Co grew its holdings in Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after buying an additional 154 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Interactive Brokers Group in the 3rd quarter worth approximately $49,000. Institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group increased their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods increased their price objective 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. Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Piper Sandler increased their price target on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Citigroup lifted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $190.09 on Monday. The firm has a market capitalization of $80.32 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 1.35 and a beta of 0.87. The business has a 50 day simple moving average of $183.60 and a two-hundred day simple moving average of $150.51. Interactive Brokers Group, Inc. has a 1 year low of $88.22 and a 1 year high of $193.42.

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.